Just mentioned in the SPAC thread that UTZ Brands is a long-term hold. However, I ended up selling after a couple of days of consideration, even though it’s at ATH prices, sold @$28.67.
Reason: The best growth potential seems to have been utilized given current information. A larger acquisition or expansion into new markets could be a trigger for further development. Nothing like that is known now, although growth is being sought. Market sentiment is such that cash might be needed, and Powell’s speech is coming again ![]()
100% return for this final batch with less than a year’s hold, smaller profits were already taken earlier. SPAC market definitely has good targets, which was proven. Now just to scout for new ones ![]()