National Beverage Update

Rare share repurchase is a buy signal - I see 50% upside

National Beverage’s (FIZZ) recent press release got my attention.

Here are a few key excerpts:

“. . . National Beverage Corp. announced that it had begun open market purchases of its common stock and will release further details at an appropriate time. The purchases were made pursuant to the Company’s previously announced share buyback program”

“Our fortress balance sheet and cash flow enable the exercise of capital deployment opportunities which others may be unable to complete in the current marketplace. Accordingly, we believe current trading prices do not accurately reflect the underlying value of the Company.”

“Our long-term objectives remain to grow volume and revenue to expand our healthy consumer franchises and deliver shareholder value”

FIZZ last repurchased shares during the severe market dislocation that occurred winter/spring 2020. Prior to this, they last repurchased shares way back in 2004 - it is that unusual.