Behind the Moo

insights from management

Hello,

As paid subscribers know by now, in late December I increased my position in one niche company operating in an oligopolistic market. One that’s been taking share year after year while pricing its products at a significant premium. Since I first profiled it in September, the business has gone through a number of changes, warranting more frequent updates than usual.

Yesterday, I spoke with the CEO and CFO, both of whom joined the company last year and are now driving meaningful strategic changes, with manufacturing improvements likely to follow. Below are the notes and key takeaways from the call: