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161
Patrick
2018 Aug 20, 9:39am
Patrick
2018 Aug 20, 9:39am
Oops, maybe it's not a no-tax exit:
https://finance.yahoo.com/news/pepsico-buy-israels-sodastream-3-062811088.html
PepsiCo will pay $144 per share in cash, representing a 10.9 percent premium to Friday's closing price of SodaStream's U.S.-listed stock and a 32 percent premium to its 30-day average.
https://finance.yahoo.com/news/pepsico-buy-israels-sodastream-3-062811088.html
162
Patrick
2018 Aug 20, 9:44am
Patrick
2018 Aug 20, 9:44am
On the third hand, I bought it in a 401k rollover, so no tax! At least not until I retire.
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My wife bought me a Sodastream water carbonator and I like it because I can make fizzy water for about 30 cents a liter instead of paying $1 a liter in the store. OTOH I was kind of annoyed at their proprietary bottles and connectors which really do nothing more than hold and dispense carbon dioxide, but cost $15 to refill.
I'm getting kind of a good deal, but they're getting a really good deal because I know it can't cost more than $1 for them to refill that thing.
So... instead of being annoyed, I looked up the stock (SODA) and they have no debt, a P/E of 25, and seem to be growing rapidly. I bought some of the stock today. Mistake? What am I missing?