Small Cap Stocks Down Under 4 March 2022: Lark Distilling (ASX:LRK)
Lark Distilling: We’ll still drink to it
In today’s edition of Small Cap Stocks Down Under, we look at Tasmanian whiskey company Lark Distilling. Lark has been in the headlines for all the wrong reasons in recent weeks after the departure of CEO Geoff Bainbridge, in circumstances rarely seen among ASX CEOs. Although the share price has taken a hit, it is still well ahead of where it was a couple of years ago. We believe once the dust settles from Bainbridge’s departure, the company has a bright future ahead. We like LRK’s acquisition of Pontville last year and think it is in good hands in the short term – with ex-Bellamys boss Laura McBain – and trust the company will find the right permanent replacement.
Click here to read the previous edition of Small Cap Stocks Down Under published 25 February 2022.