Celsius Holdings, Inc. (NASDAQ:CELH) is one of the 14 stocks Jim Cramer recently looked at. While discussing the stock, Cramer said that while the company stock trades at a high multiple, it is still historically cheaper.
“How did Celsius get its mojo back, and more importantly, can it keep that mojo going? First, when the company reported in February, it delivered some excellent numbers and, more importantly, it agreed to buy an outfit called Alani Nu…. As a result, the combined entities expect to have annual revenues north of $2 billion after the deal closes. Management believes this deal will be additive to earnings in the first year and sees an opportunity to rack up $50 million in synergies in the first two years.
A hand pouring a cool can of a carbonated non-alcoholic beverage with a smiley face on it.
Celsius Holdings, Inc. (NASDAQ:CELH) develops and markets a range of functional energy and hydration drinks in various formats and flavors, and distributes them through retail, fitness, and e-commerce channels worldwide.
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