Interesting announcement this morning finally someone sees some value in a gun manufacturer and ATK steps up to the plate. Their buying it for 5.5 times EBITDA.
Did they assume debt?
No mention except for working capital adjustments. Here's the story:
Hmmmm....Guess RGR Fifer was blowing smoke up our holes when he said Freedom was damaged goods.
Strange how they bought Savage (for $315 Million CASH) yet didn't buy any of Freedom's assets.
Me thinks someone else is going to pay a higher premium than Alliant would have for Freedom's assets:)
There is a reason for the SWHC Secondary that's out there.
Absolutely. Nice to see someone recognizing values out there. At 5.5 EBITDA SWHC worth around $10.50. Hopefully valuations improve.