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Campaigns / Spruce Point Capital → Monster Beverage Corp.
Spruce Point Capital vs. Monster Beverage Corp.

Monster Beverage Corp. · MNST

1 deck published between 2025-04-08 and 2025-04-08 — 79 pages, 79 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-04-08 initial thesis

    2025 04 680645c6b06dea974358e0cf_mnst_research_thesis_4 8 2025

    79pp · full_deck

    Monster's Coke-like 23x EBITDA multiple masks accounting red flags, eroding US share to Celsius/Alani/BUD, and decaying governance — implying 25%-40% downside to $36-$44.