Shares of Vita Coco (COCO) are up more than 170% over the past 12 months. This week, the company reported mixed third quarter results, but raised its full year guidance. The Vita Coco Company Co-Founder and Executive Chairman Michael Kirban tells Yahoo Finance Live that the company has "all of the right economics... for a good-performing stock." When it comes to expanding the company via an acquisition, Kirban believes it could be in the cards, saying "we believe that this business has the foundation to be a large, healthy beverage platform," and that "over time, M&A should play a role" in the company's growth. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Shares of Vita Coco (COCO) are up more than 170% over the past 12 months. This week, the company reported mixed third quarter results, but raised its full year guidance. The Vita Coco Company Co-Founder and Executive Chairman Michael Kirban tells Yahoo Finance Live that the company has "all of the right economics... for a good-performing stock." When it comes to expanding the company via an acquisition, Kirban believes it could be in the cards, saying "we believe that this business has the foundation to be a large, healthy beverage platform," and that "over time, M&A should play a role" in the company's growth.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The Wall Street Journal
Shares of Six Flags and Cedar Fair rose Wednesday afternoon after The Wall Street Journal reported that the amusement-park companies were nearing a deal to merge. Six Flags' stock was recently up 5%, while Cedar Fair's was ahead about 8%.
Bloomberg
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Benzinga
On October 30th, Tesla Inc (NASDAQ: TSLA) rival, BYD Company Limited (OTC: BYDDY), reported its highest ever quarterly profit for its third quarter. BYD shares are up 1.7% this month, outperforming Tesla whose stock took a 17% dive and declines in other peers as well. By reporting a growth slowdown, a warning was sent to all EV makers but BYD defied its trend with its latest quarter, showing it preserved its domestic market leadership despite softer demand and intensified competition in China. B
Reuters
NEW YORK (Reuters) -U.S. amusement park operator Cedar Fair LP is exploring a potential merger with peer Six Flags Entertainment Corp, people familiar with the matter said on Wednesday. A tie-up between the two companies would come as concerns about a U.S. economic slowdown and consumers curbing their discretionary spending have weighed on their stock performance. If there is an agreement, it could come as early as Thursday, when Cedar Fair reports quarterly earnings.
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