Twinkies Find A New Home

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 11 September 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The acquisition of Hostess Brands by J.M. Smucker is the latest in a series of food mergers. (00:21) Jason Moser and Deidre Woollard discuss: - The synergies between Hostess and Smucker. - Why Instacart’s valuation dropped. - Kroger’s push to make the Albertsons deal happen. (16:09) Deidre Woollard interviews Jesse Singh of home exteriors company Azek on competition in the decking space and what’s next for the brand. Companies discussed: TWNK, SJM, SOVO, AMZN, WMT, CPB, KR, AZEK Host: Deidre Woollard Guests: Jason Moser, Jesse Singh Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Our peanut butter and jelly twinkies in our future, Motley Full Money starts now.
0:21.2	Welcome to Motley Full Money.
0:22.5	I'm Deedra Willard here with Jason Moser for a Food Centered Monday.
0:25.9	How you doing, Jason?
0:26.9	I'm doing great.
0:27.9	This is my kind of shit.
0:28.9	Deedra, how are you?
0:30.6	I thought about that being your kind of show too.
0:33.5	Because we've got some breaking M&A Monday news.
0:37.1	We always like a good mergers and acquisitions Monday.
0:39.8	It is jelly and unquestable maker J.M. Smucker, which I think everyone calls Smuckers.
0:44.8	They're buying hostess brands for $5.6 billion.
0:48.2	Seems like a decent deal for a hostess.
0:50.4	It works out to $34.25 per share and a cash and stock transaction.
0:56.0	Stocks been trading 25, 26 in recent months.
0:59.4	It's been rumored a bit, but what do you think?
1:02.1	Does this make sense?
1:03.1	You know, the unquestables and the jelly, you got the twinkies and the cupcakes.
1:07.6	What do you think?
1:08.6	Yeah, I think it fits.
1:09.6	I mean, I think these are two companies.
1:10.6	I think these are two sorts of concepts that are fairly complimentary.
	...

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