Today, The Bowser Report issued a daily mover alert on
Innovative Food Holdings (IVFH), which gained 10% or more today.
IVFH closed up 13% on huge volume today following pre-market
news that the company intends to spin-off its The Fresh Diet subsidiary. IVFH
hit an intraday high of $1 per share.
The company cited the following reasons for its decision:
• Innovative
Food Holdings and The Fresh Diet management will each be able to better focus
on their core businesses and more effectively drive growth in shareholder
value;
• The Fresh
Diet will become a pure-play direct-to-consumer business, ideally positioning
The Fresh Diet to realize the higher valuations typically associated with
foodtech and food-delivery public companies;
• As a
standalone public company, The Fresh Diet will be able to take advantage of
acquisition opportunities in multiple fresh meal verticals, building upon its
leading last mile specialty food delivery platform;
• Innovative
Food Holdings shareholders will continue to benefit from future success of The
Fresh Diet through Innovative Food Holdings’ remaining ownership stake;
• Two
separate companies will allow potential new investors to delineate the
risk/return characteristics of each business and better match their own
investment objectives.
Of course, the exact effects of this are yet to be seen.
With that said, we recommend sticking to our previous analysis on IVFH: do not
open a new position and follow the Game Plan if you do.
To learn more about The Bowser Report, visit
https://thebowserreport.com
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