Q: Peter and His Wonder Team
I have been following this company for years and am wondering if this might be a good time to buy. I trust they will survive the HBC bankruptcy. In other words is this a reasonable contrarian play...your thoughts please. Thanks!
I have been following this company for years and am wondering if this might be a good time to buy. I trust they will survive the HBC bankruptcy. In other words is this a reasonable contrarian play...your thoughts please. Thanks!
5i Research Answer:
We think REI will be able to manage HBC's exit. The valuation is quite low at 9X cash flow, and,...