Friday after close $MUEL announced its 2023 financial results, where it reported earnings per share of $4.32 for the fourth quarter and $15.75 per share for the year.

Most importantly, the company published a separate press release that we believe is their attempt at sending a message to the market that they are not a value trap anymore.

They announced they are willing to buy $15 million worth of stock from any shareholder who may want to sell (otherwise known as a tender offer) at $80.00. This price is 15% above the current market price. Furthermore, the amount of shares that could be bought with $15 million represents about 20% of the company’s outstanding shares.