It seems that I am a much more by the numbers investor than you.
I have qualitative dealbreakers, but I can give an opportunity to a new management if the numbers add up, maybe I have a more pragmatic approach.
Have you looked again at this name after the huge tumble it took after the last earning release?
Given your more qualitative approach I would assume that the Marucci acquisition is another dealbreaker and i concede that it's a very strange mixture with the rest of their operations. But the company has solid margins and it's a CODI name as FOXF itself.
I am not a stockholder, but I am starting to see value even under conservative assumptions.
Would be great to get your take with the new added information.
Hi Andres! You're right in your analysis that I tend to take a more of a qualitative approach and that the most recent Marucci acquisition was the factor that made me completely remove Fox from even being a candidate for my watchlist. However, that's also a personal preference, where I tend to not be a big fan of highly acquisitive companies.
I believe the company's biggest strength to be their Fox brand, and if they're going to be acquiring other brands left and right like they did Marucci, I feel like their future becomes very uncertain. But like I mentioned in my conclusion, I wouldn't be surprised if the company went on to deliver outstanding results a few years down the road, but I personally wouldn't feel comfortable owning this company today.
Very good couple of articles of $FOXF
It seems that I am a much more by the numbers investor than you.
I have qualitative dealbreakers, but I can give an opportunity to a new management if the numbers add up, maybe I have a more pragmatic approach.
Have you looked again at this name after the huge tumble it took after the last earning release?
Given your more qualitative approach I would assume that the Marucci acquisition is another dealbreaker and i concede that it's a very strange mixture with the rest of their operations. But the company has solid margins and it's a CODI name as FOXF itself.
I am not a stockholder, but I am starting to see value even under conservative assumptions.
Would be great to get your take with the new added information.
Thanks!
Hi Andres! You're right in your analysis that I tend to take a more of a qualitative approach and that the most recent Marucci acquisition was the factor that made me completely remove Fox from even being a candidate for my watchlist. However, that's also a personal preference, where I tend to not be a big fan of highly acquisitive companies.
I believe the company's biggest strength to be their Fox brand, and if they're going to be acquiring other brands left and right like they did Marucci, I feel like their future becomes very uncertain. But like I mentioned in my conclusion, I wouldn't be surprised if the company went on to deliver outstanding results a few years down the road, but I personally wouldn't feel comfortable owning this company today.
Hope that helps clear things up!
Thanks!
Thanks for a brilliant deep dive!
Thank you for taking the time to read it.🙏🏻 Glad you found it helpful!