Good insight on MMM from a video on ********* this morning ,...

Good insight on MMM from a video on ********* this morning , interview with Ryan Sohn from Perennial giving his views on why they own the stock!

Key points in the video:

Management is of a sound pedigree, the founder previously owned then sold Delivery Hero before forming Marley Spoon.
Marley spoon (sub 1 x book) has a cheap valuation compared to its main competitors Hello Fresh (2x book) and Blue Apron (2.2x book) and a higher growth rate, pre-COVID 40% per annum, currently forecasting 100% per annum
Marley Spoon is already a global player and is well established in the largest growing countries of the US, Europe, and Australia which provide a multi-billion $ opportunity.
Woolworths currently has an equity stake in the company
The food industry is one of the last remaining businesses to embrace digitization, it is now experiencing rapid digital transformation and Marley Spoon is at the forefront of this rapid growth
.It has recently achieved cash flow breakeven, which is a significant juncture; the market commonly re-rates companies when this happens as it enables the company to grow its top line faster or reward shareholders by paying a dividend.