Originally Posted by
minimoke
Kept TRA & MOA on watchlist after making very good money investing in 42 Below & Trilogy.
Not tempted to invest in TRA (or Moa) as I believe the Baker Boys Modus Operandi of brand building (42 Below) and scale building (Trilogy) before flicking to an acquirer has run its course:
Moa is surviving on capital raising year after year. While the brewery is building up volume and market presence, the craft beer market is getting ever more crowded with little scope that one of the big boys will acquire Moa.
Recent developments with TRA (unsuccessful sale of business overseas and director selling shares, albeit small but still very telling given the extremely bullish comments of undervaluation & share buyback) suggest that TRA has a lot of work ahead to become a sustainable business entity.
Agree with W69 that we had a lucky escape with Trilogy! Not going to try my luck again - need it for a couple of stragglers in my portfolio.