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  5. CELH: I'm up over 200% on CELH (thanks! [Celsius Holdings Inc.]
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Investment Q&A

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Q: I'm up over 200% on CELH (thanks!) and although I don't see any red flags, I think it's time to trim back from an 11% holding. I've had LMN on my watch list for some time, do you think trimming CELH and buying LMN would give me a similar growth profile stock? Does LMN also trade on the US markets so I could keep my currency in USD?
Asked by Kim on September 12, 2023
5i Research Answer:

CELH has been a big winner, and the Pepsi deal helped with investor confidence to keep its run going. We still like it, for sure, but it is expensive, and it is certainly not risk free. We can't comment on position sizes but 11% is high for any stock. We like LMN a lot, and consider it a sleeper, slow-and-steady type of stock. Most of its growth is going to come from acquisitions, unlike CELH which is marketing and building market share. LMN will likely prove far less 'exciting' than CELH has in the past three years, but boring can be good too. We would be fine with a switch of some in order to reduce single company risk and diversify. LMN has a US OTC listing, under symbol LMGIF. Trading liquidity is very weak, however, and we would use caution and never use market orders on this exchange. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PEP, CELH.