Did Celsius Make a $1.8 Billion Mistake?
Despite the stock being down 63% from its peak, few businesses have taken care of investors like Celsius (NASDAQ: CELH). In the trailing five-year period, shares have soared 2,500%. Volatility remains the key theme, though.
This beverage stock popped 27% on Feb. 20 after the announcement that Celsius will acquire Alani Nu. Then it gave back those gains, only to rise again over the past few weeks.
Major corporate deals like this can have big implications. There are certainly merits to the transaction. But did Celsius just make a $1.8 billion mistake?
Source Fool.com
