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7investing Says Sayonara to Celsius
Sometimes in investing, it's important to change your mind.
Such is the case for Celsius Holdings (Nasdaq: CELH). This energy drink company represented one of our highest-conviction ideas in August.
Yet further diligence revealed multiple red flags, which 7investing CEO Simon Erickson considers to be deal-breakers for long-term investors.
In today's podcast episode, he describes several of those warnings signs and why he's turned from bullish to bearish about Celsius' future opportunity.
Note: This podcast mentions 54% ownership for the DeSantis family, which is an incorrect number. Due to…
The skinny
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