Camilla Roder/iStock via Getty Images In the long term, Simply Good Foods ( SMPL ) might still have two growth brands. But this company’s Q2 2026 results were much worse than I expected . This company now has two struggling brands and one stable one. Its growth brands aren’t growing. And it also reported impairment losses on two of its brands. Simply Good Foods still has a strong balance sheet and...
Camilla Roder/iStock via Getty Images In the long term, Simply Good Foods ( SMPL ) might still have two growth brands. But this company’s Q2 2026 results were much worse than I expected . This company now has two struggling brands and one stable one. Its growth brands aren’t growing. And it also reported impairment losses on two of its brands. Simply Good Foods still has a strong balance sheet and enough cash flow to buy back more stock. But now, it may also need to invest in marketing to fix its brands. This stock doesn’t have a growth premium right now, but it doesn’t deserve one either. I still think it’s better to look at the performance of each of this company’s brands individually. In Q2 2026 , the company’s growth brand Quest posted 0.3% sales growth. OWYN, which previously experienced product quality issues, posted -16.8% growth. And Atkins, which is a mature and declining brand, reported -26.6% growth. As a result, Simply Good Foods reported -9.4% overall revenue growth and is now guiding for full-year revenue growth of -7% to -10%. The company’s bottom-line results also got worse. Simply Good Foods also reported that its adjusted gross margin was 32.8%, down from 36.3% in Q2 2025. Additionally, the company reported a -$249 million impairment loss because of Atkins and OWYN, so it will report a GAAP loss in 2026. And its adjusted EBITDA fell 18.4% to $55.5 million. But value investors might still be interested in Simply Good Foods. This company is trading below book value. If you don’t include the non-cash write-down, it’s still profitable, and it could still post a profit in 2027. But it might also be a value trap if its results continue to get worse. So, it’s worth considering why the company posted such weak results this quarter. The market for GLP-1 friendly foods is growing rapidly. Simply Good Foods’ Target Market Is Growing Rapidly In theory, Simply Good Foods should be well-positioned for a market where many consumers are taking GLP-1 drugs. You cou...
Just_Super/iStock via Getty Images Since last covering Applied Digital Corporation ( APLD ) in July last year, its stock is up 125% on the back of delivering the first 100 MW building under its CoreWeave ( CRWV ) lease on schedule and securing a second lease with Oracle ( ORCL ) at another campus. Recently, the company reported its FQ3 earnings that included its first full quarter of lease revenue...
Just_Super/iStock via Getty Images Since last covering Applied Digital Corporation ( APLD ) in July last year, its stock is up 125% on the back of delivering the first 100 MW building under its CoreWeave ( CRWV ) lease on schedule and securing a second lease with Oracle ( ORCL ) at another campus. Recently, the company reported its FQ3 earnings that included its first full quarter of lease revenue. In my opinion, the company’s Q3 earnings showed the potential upside potential of its HPC hosting segment, which reported a 24.7% operating margin in its first full quarter. Earnings aside, Applied Digital’s long-term prospects as an AI landlord significantly improved over the last week after amending its lease agreements with CoreWeave. These amendments effectively moved the tenant of the Polaris Forge 1 campus to an investment-grade-rated CoreWeave special purpose vehicle (SPV) instead of the parent company, which holds a junk bond rating. This is a significant development, in my opinion, as it allows the company to raise the final debt tranche related to the buildout of the third building at Polaris Forge 1 and refinance its existing high-interest debt related to the campus at better terms, reducing its overall cost of capital. At the same time, the company secured parent-level guarantees and a $50 million letter of credit to further de-risk its lease agreement with CoreWeave. On another note, I expect Applied Digital to announce a new lease agreement for its newest campus, Delta Forge 1, by the end of this week. This is due to the covenants of its $100 million development loan facility with Macquarie allowing for the acceleration of the loan if the company doesn’t reach a final lease agreement with an investment-grade hyperscaler for Delta Forge 1 by April 18th. With Applied Digital’s management reiterating the $1 billion NOI target within 5 years in the Q3 earnings call, I’m forecasting the company to achieve this target in FY 2028 as Delta Forge 1 comes online and O...
Mohamad Faizal Bin Ramli/iStock via Getty Images I have never been a big fan of Bitcoin. Yes, I appreciate blockchain, but, until recently, I had no interest in cryptocurrency. In late February, I wrote about why it makes sense to invest in iShares Bitcoin Trust ETF ( IBIT ), but it has rallied, and I am no longer bullish. I have downgraded the ETF from Buy to Hold. IBIT Has Outpaced the Market Th...
Mohamad Faizal Bin Ramli/iStock via Getty Images I have never been a big fan of Bitcoin. Yes, I appreciate blockchain, but, until recently, I had no interest in cryptocurrency. In late February, I wrote about why it makes sense to invest in iShares Bitcoin Trust ETF ( IBIT ), but it has rallied, and I am no longer bullish. I have downgraded the ETF from Buy to Hold. IBIT Has Outpaced the Market The market has been crazy since I wrote my Buy recommendation on February 23rd, as the Iranian War began five days later, on Saturday, February 28th. Since February 27th, stocks are down, and precious metals are actually down. Here is the action since the last article: YCharts Bitcoin is still down a lot year-to-date, so perhaps the rebound is nothing but a bounce. In that Buy piece, I discussed two stocks that I have been watching closely recently that are pegged to Bitcoin: Coinbase Global ( COIN ) and Strategy Inc ( MSTR ). IBIT has outpaced both of them: YCharts Year-to-date, each of these is down, with COIN down 25.8%, IBIT down 16.3%, and MSTR down 15.3%. SPDR Gold Shares ( GLD ) and iShares Silver Trust ( SLV ) are up in 2026 by 10.3% and 7.2%, respectively, though they are both well below their peaks. The Direction of Bitcoin Could Go Either Way I suggested in that last article that Bitcoin (and IBIT) could catch up to COIN and MSTR, which it has. I pointed on the chart to some open gaps, and they do remain open: Schwab thinkorswim Not only are the three gaps open from January that I pointed out in that last article, but there is also a new one that was almost filled on Friday, when the high of $41.59 fell just short of the $41.61 low from March 17th. These gaps could get filled. There are also two gaps that were created last week below the current price that remain open. IBIT tracks Bitcoin, its only asset. The ETF, which now has 35,200 followers at Seeking Alpha, has net assets of $57.7 billion as of April 10th, according to the iShares website . The fund launched i...