CODI seems to be lagging to me, I`ll admit I do not understand a couple of the business`s in the portfolio, at least they are maintaining the distribution. I`m not looking to add to my position here, but will continue to hold what I have, hopefully Ergo will turn a profit next quarter.
I was hoping we could have got more of a rise in share price because of distribution announcement, maybe a little better next week, share or unit price may already be to high considering .36 quarterly distribution.
B.J., I ran through the Co. holding on their home page & Camelbac is not there, after You mentioned it I did remember it being sold, I bet they made a nice profit to let it go. Seems all the insider buying is raising some well needed attention to CODI. Some analyst have raised the price target to $18.00 with buy & strong buy ratings also, maybe we will finally get the increase on the distribution, time will tell. Best to You, Roger, & all.
I always thought the timing was poor for the Camelbac purchase, although both Ergo and Camel were good companies in my opinion.
What I was meaning is with the furniture business being sold & behind us, I thought CODI would be doing better. I still believe Camelbac & Ergobaby will bring better days .
Looks like CODI would have been worse off if not for FOXF . I thought we would have been better off being sold out of the furniture business, oh well, I`m still staying, as mentioned earlier, spring time should bring in more profits.
My personal opinion is if they utilize the $47.7 mil in proceeds from the sale in a good manner it is positive. I am getting a little tired of these quarterly 'adjustments' but im in for the long haul. Also, glad they executed the sale at a time of strength for Fox. They still own 33% Just My opinion ;)