Sodastream (SODA) is a company we have been high on for sometime and have wrote about her throughout 2012. This company has continued to produce huge results quarter after quarter, only to find the shorts holding larger and larger positions. This mornings earnings release and subsequent conference call was music to stockholders ears. Not only did they beat estimates and raise their outlook, but also announced they are finally headed into the worlds largest retailer... Walmart.
This is the news everyone was waiting for and should help keep Sodastream (SODA)'s growth story intact. We like this stock for the longer term, and think she tests $65 by the middle of the summer.
Here is what we were saying about SODA this week via our AM watchlist and chatroom:
SODA : old favorite that we have all played over the past few months. Thanks GMCR for scaring out some folks. SODA will beat like it has every Q, but there will be no kinks in the report this time, and stock will go $40+. Will be looking for $35/37.50s this morning for the ramp up.
We expect Sodastream (SODA) to be one of the stocks they will talk about at the end of 2012. Guess time will tell if we are right...