SATELLITE TRADE: ADDING A HALF POSITION IN MONSTER BEVERAGE AT $54.58 (MNST-US)

APRIL 10, 2019 SATELLITE TRADE: ADDING A HALF POSITION IN MONSTER BEVERAGE AT $54.58 (MNST-US) JUSTIFICATION: We are attracted to the low valuation, the strong balance sheet (no debt) and the fact that Coca Cola owns 18% of this company. We think the odds are very good that this company will go back to the high end of its valuation range in the next 18 months. The Purple Chips target is at $70.00. WHO IS MONSTER: Monster Beverage Corporation is a holding company that develops, markets, sells and distributes alternative beverage category beverages under the brand names, Monster Energy, Hansen’s, Monster Rehab, Hansen’s Natural Cane Soda, Monster Energy Extra Strength Nitrous Technology, Junior Juice, Peace Tea and Juice Monster, among others.