Cake Box - Where are we now?

Update on Cake Box - fundamentals, future, valuation and portfolio.

This is the third of a four-post series of fundamental, valuation and portfolio updates on my current holdings. The first two were Dino Polska and Eurosnack and the last one will be Monnari. 

Since my last deep-dive on Cake Box, many things have been happening at the company with a few new reports and presentations published. These include key hires in response to old mistakes, and many new changes in the spirit of Quality on the financial business, marketing, and product fronts. I also dive deeper into the company’s differentiated and unique culture in my continued search for “totems of Quality” (more on that later). Let’s dive into it.