The Battle For Breakfast

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 18 September 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kellogg’s is spinning off its core cereal business to focus on the fast-growing snacks market. (00:11) Jason Moser and Deidre Woollard discuss: - Why Kellogg’s is splitting up its business. - If snacks still have growth potential. - Monster’s ability to become a 100-year brand. (13:35) Ricky Mulvey and John Nash analyze newly-listed TKO Holdings, the company that runs both WWE and UFC, and address the challenges it may face in the future. Companies discussed: K, TKO, MNST, CELH Host: Deidre Woollard Guests: Jason Moser, Ricky Mulvey, John Nash Producer: Ricky Mulvey Engineers: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	As Tony the Tiger lost his charm, Motley Full Money starts now.
0:09.6	Welcome to Motley Full Money.
0:13.8	I'm Deja Willard here with Motley Full Analyst, Jason Moser.
0:17.4	It's another food-centered Monday.
0:19.7	Welcome, Jason.
0:20.7	Hey, Deja.
0:21.7	How are you?
0:22.7	I love to talk food with you.
0:25.4	I covered some interesting food-related mergers recently.
0:29.5	Last week we had hostess and smokers.
0:31.9	We're going in a different and yet related direction today
0:35.4	and talk about a split between Kellogg's and itself.
0:40.2	So this has been in the works for a while,
0:42.6	but we have an official date on October 2nd.
0:46.1	It's splitting into two independently-traded companies,
0:49.6	Kellanova and WK Kellogg.
0:51.9	Now, this is interesting because Kellanova
0:54.8	sounds like it's the new thing,
0:56.8	but it's actually going to keep trading
0:58.3	under the existing ticker, Keg, which is such a great ticker.
1:01.7	And WK Kellogg is going to take the serial brands
1:04.9	into a separate company.
	...

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