Alluvial Capital: “Give Cuisine (CUSI)’s Products a Try! You Won’t Be Disappointed”

Alluvial Capital Management, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. Alluvial Fund declined 9.9% in the second quarter and is down 16.5% year-to-date. By contrast, the Russell Microcap Index lost 19.0% this quarter and has fallen 25.1% in 2022. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Alluvial Capital Management mentioned Cuisine Solutions, Inc. (NYSE:CUSI) and explained its insights for the company. Founded in 1972, Cuisine Solutions, Inc. (NYSE:CUSI) is an Alexandria, Virginia-based premium foods company with a $300.2 million market capitalization. Cuisine Solutions, Inc. (NYSE:CUSI) delivered a 40.16% return since the beginning of the year, while its 12-month returns are up by 31.54%. The stock closed at $17.10 per share on July 27, 2022.

Here is what Alluvial Capital Management has to say about Cuisine Solutions, Inc. (NYSE:CUSI) in its Q2 2022 investor letter:

“Another Alluvial Fund expert market holding making waves is Cuisine Solutions, an innovator in food technology. Unlike a lot of “innovators,” Cuisine Solutions manages to be highly profitable
while dedicating millions to research and development. The company has spent the last few years constructing new state of the art facilities to produce its sous vide items for sale at Costco and Starbucks, and for use by several airlines and restaurant chains. Turns out it wasn’t just a few eccentric investors who noticed. In June, Bain Capital stepped up to invest $250 million in convertible preferred stock, valuing Cuisine Solutions at over $1 billion. Bain’s investment provides ample capital for expansion and sets the company on a path to an IPO and exchange listing in a few years. To my amazement, we have been able to acquire quite a few additional Cuisine Solutions shares since the announcement at prices 60% below the conversion price of Bain’s investment. I expect to Cuisine Solutions to reward us richly in the coming years. Until then, if you see their products somewhere, give them a try! You won’t be disappointed.”

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Our calculations show that Cuisine Solutions, Inc. (NYSE:CUSI) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Cuisine Solutions, Inc. (NYSE:CUSI) delivered a 41.91% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.