Overlooked Alpha

Overlooked Alpha

Research Notes

Reiterating 'Buy' On These Picks

Delek US Holdings, Mitek Systems and Nomad Foods

Wall Street and Main
Jul 03, 2024
∙ Paid

Highlights

  • The sum of the parts case for DK still looks attractive even with weakness in the company’s key asset.

  • External risks have been mitigated for MITK, but slowing first-half growth has sparked investor concern.

  • NOMD is cheaper than it was when we recommended it last year — yet earnings are higher. At less than 10x free cash flow, the company simpl…

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