Damn, they got those preliminary figures out before I could add more today. I really think this is one of the most compelling space plays, considering the profitable results and current earnings growth. The brand has also already established itself among consumers, and the company’s products are not yet in nearly all department stores. It’s easy to copy the company’s products, but when you’re talking about quality familiar to consumers, buyers will still be found. The company also has several new product concepts in the pipeline, so there will be something to buy for those who like to experiment. Oh, and the company’s defensiveness is a plus, of course 
I’m gradually building a position for my cheese account.
At least that’s what they advertise. A quick Google search out of curiosity about how it’s patented:
https://patents.justia.com/assignee/ittella-international-inc
In the deep end of the internet and Twitter, there are sometimes rumors of collaborations with pizza chains, but I can’t tell if they are real rumors or just wishful thinking from Robinhood investors 
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Surprisingly subdued reaction despite an impressive result. Apparently, the merger is still causing anxiety. Perhaps a proper rise after that.
Well, it has risen over 100% since the summer. Considering that the predicted results for this year are now being reached or slightly exceeded, and Tattood Chef and Forum Merger agreed to the deal at ~$10 per share.
On the other hand, FMCI was at the forefront of this latest SPAC bubble, so valuations didn’t get quite as outrageous as the EV companies’ listing intentions seen in late summer and autumn. Of course, it also doesn’t mean that ~10x P/S is somehow reasonable for a frozen food company. There isn’t much of a moat, even though things are being done correctly in my opinion.
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Nordea is delighting us again with a letter whose content is unintelligible. On top of that, the last response date of 9.10 has already passed. So, this one goes in the trash too.
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Last week I got a letter stating that the redemption offer had been canceled because the share price had gone up too much or something, even though I haven’t owned the share since early September.
I was laughing at the same thing. A letter sent on 8.10 with a response time until the next day. Plus, a reply envelope included so you can respond by letter 
Apparently, it would also be possible to “modernly” call instead of a letter, if the deadline hadn’t already passed
Merger approved and other matters voted on: https://www.cstproxy.com/forummerger/smp2020/HTML1/default.htm
Apparently, the finalized SEC filings would be completed within 4 business days and the TTCF ticker would be up and running.
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Is this now off the lists until the TTCF ticker appears next week?
Forum Merger II Corporation (FMCI) cannot be found on Nordnet, nor is its price updated on Yahoo Finance, for example…
Ticker change has already happened for me on Nordnet’s side. The price is already updating normally under the TTCF ticker, so everything should be okay.
It might be that domestic brokers don’t have it for trading yet, it’s somehow very difficult to get a few bits twisted the right way If it doesn’t show up, you can follow it here: https://www.webull.com/quote/nasdaq-ttcf
)Try to place an order, then it won’t work, at least I had to call the broker myself.
Yeah, that’s how it was 
Well, anyway, we’re long on that now. 
I’m getting really good vibes from this, Q4 results are going to be damn strong. Not to mention next year and the future outlook in general… I just have to accumulate more of this.
Followers were teased with the image below in the IG story section. Probably for the online store’s grand opening.
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The company is doing better than expected, but $7 has been wiped off the share price after the merger. I’ve been following this https://stocktwits.com/symbol/TTCF and indeed, this often happens to SPAQ (Special Purpose Acquisition Company). A short attack after the merger. I refueled today with an additional 150 shares. It’s almost too good to be true that the company is pushing out positive results but the stock price is crashing. You wouldn’t think you could get companies with this kind of growth at this valuation, but what can you do, buy more 
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Is there any data to support that this is a short attack and not just profit-taking?
After all, this year’s forecasts were already known at the $10 price at which Itella / Tattooed Chef (Note: “Itella” likely refers to “Utz Brands” in the context of the Forum Merger SPAC, but “Itella” is a Finnish postal service, so I’ve kept it as-is for literal translation, but added a note for clarity) went through with the deal with Forum Merger. Now it seems these forecasts might be slightly exceeded, but I still won’t buy a +100% valuation.
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I can’t say if there is reliable up-to-date data on shorts available anywhere. All the information I found was from the end of September, which is useless as it’s from before the merger.
For example, https://www.nasdaq.com/market-activity/stocks/ttcf/short-interest
Regarding valuation, IPOs for these trendy stocks in the US seem to at least double their share price on the first day of trading. A Finnish guy just can’t get them at that initial “friend” price.
This is pure guesswork, but I’ve seen a million presentations from growth companies where sales supposedly grow 100% per year. Most of it is a scam from the start, some entrepreneurs are just naive. Few actually deliver. TTCF, however, is exceeding expectations. When you buy SPAQ at 10 USD, you hope the target company is good and keeps its word. The price was locked a long time ago. TTCF H1 and Q3 were excellent, which boosted FMCI’s share price. In my opinion, there have been clear grounds for this increase. Risks have decreased as the company’s promising figures have been realistic.
A company growing 100% per year deserves a valuation that a value investor could not accept. But a 500 million USD market cap, with sales at least by 2022 in that range? Profitability improves as sales grow, and it’s already clearly profitable. Not some money pit despite the wild growth.
As a bonus, management/original entrepreneurs own 58% of the company according to SEC filings. You could say they are in the same boat, and there is no intention to inflate the valuation. https://ir.tattooedchef.com/static-files/d5f9f78b-08f8-4db7-a4d4-ed265bb80ad6
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