Simply Good Foods Is Simply Too Cheap

Core Viewpoint - Simply Good Foods (NASDAQ: SMPL) has experienced a 48% decline year-to-date, primarily due to the Atkins brand losing distribution, which has led to a 15% decrease in sales and ongoing challenges expected in FY26 [1] Group 1: Company Performance - The Atkins brand's sales are 75% healthy and growing despite the overall decline [1] - The company is viewed as having strong fundamentals that are currently undervalued due to short-term challenges [1] Group 2: Investment Perspective - The market is perceived to be overly focused on short-term issues, creating mispricing opportunities for long-term investors [1] - The strategy involves identifying these short-term mispricings to unlock long-term value [1]