Dean Foods Company
DF
pitch
long
Mitchell Aulds-Stier, Karthik Kasibhatla, Angela Qin, James Shen
Thesis
We recommend buying DF 6.50% 2023 Senior Unsecured bonds at the current price of $66 due to Dean Foods' accelerating cost-cutting initiatives, long-term industry demand stabilization, overlooked growth opportunities, and strong liquidity. The bond offers a compelling risk versus reward profile as the market has priced in a worst-case scenario, while DF is cash flow positive and has a strong liquidation value.
Did it work?
Not analyzed yet — run analysis from the issue page.
Raw excerpt
No raw excerpt stored.