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Compass Diversified Holdings Message Board

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  • yardbird09 yardbird09 Oct 10, 2011 10:03 PM Flag

    camelback is more like a

    You're reading the market wrong. The recent price drop in CODI has everything to do with the general (risky) state of the economy, and nothing to do with Camelbak. Camelbak is an excellent company with an excellent product in an excellent sector. True, it's a very competitive business, but fitness products are where it's at right now. Compare to the furniture company they bought (and were forced to write off), which was a real dog. CODI will advance with the rest of the company. The price movements of CODI are leveraged to the rest of the economy because of the credit risk involved in their business. CODI isn't like a DOW blue chip which can ride out any economic crisis; that's why it's trading at a discount and pays such a high dividend. The risk factor is exactly why CODI is a good investment. The market is paranoid right now, and CODI is on sale. The fact that CODI survived the great recession already speaks volumes. And imo, CODI is positioned better now than it was then.

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