Possibilities are endless...Never imagined I would see $PR dip to $0.08 in March of 2019.
On a positive note, at least there was enough volume/interest to close in double digits on the TSX.
I read this article the other day. Although it is purely speculative, I could not help but imagine $PR on their agenda.
For those that didn’t know. Pepsi has a distribution deal with Rockstar Energy drinks. They never bought em out like Coke with Monster. Instead they waited to see how the sector would fair. The deal prevented Pepsi from the wellness/energy drink sector. So what does a fortune 500 company do when they see the revenue figures they like, they buy them for $3.85 billion.
This will allow them to now enter the sector and partner with anyone they so chose. Enter $PR as their new functional/health and wellness partner with the cutting edge technology no one else has.
Go even further and add $PR tech to the Soda Stream they purchased for $3.2 billion. They bought out soda stream shares for $144. Can you see the pattern here.
I could not help but see the masterminds at work on this super play. See what happens in the next few years. Hopefully we tick off the first JV soon and get that ball of potential and endless possibility rolling! $0.08 is a ridiculous no brainer. Even if you have lost faith and want out, it’s an opportunity to average down.
https://www.google.ca/amp/s/www.cnbc.com/amp/2020/03/11/pepsico-to-acquire-energy-drink-maker-rockstar-energy-in-a-3point85-billion-deal.html