GBA's "2021 Stock Phantasma"

Compass Diversified reports Q2 adjusted EBITDA $94.2M vs. $49.5M last year 16:34 CODI Reports Q2 revenue $487.4M, consensus $435.67M. The company said, "Our performance is a testament to the ongoing strength in our branded consumer businesses, the incredible execution of our subsidiary management teams and our team's success identifying, acquiring and investing in a diverse portfolio of high-quality companies. The anticipated sale of our Liberty Safe subsidiary underscores the benefits of our differentiated model for unlocking significant value for shareholders. Our permanent capital structure enables us to remain both disciplined and opportunistic in evaluating opportunities within and outside of our portfolio of leading middle market businesses. This flexible approach has benefited CODI over the last few years in particular, and we believe will continue to differentiate us in the second half of 2021 and beyond. During the quarter we also continued the process to potentially allow CODI to be taxed as a corporation, rather than a partnership. If approved by our shareholders during our special meeting on August 3rd, we believe this change would present a significant opportunity to expand CODI's shareholder base, further lower our cost of capital and provide greater long-term value for shareholders."

Description

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice. The firm prefers to invest in companies based in North America. It seeks to invest between $100 million and $800 million in companies with an EBITDA between $15 million to $80 million. It seeks to acquire controlling ownership interests in its portfolio companies and can make additional platform acquisitions. The firm prefer to have majority stake in companies. The firm invests through its balance sheet and typically holds investments between five to seven years. Compass Diversified was founded in 2005 and is based in Westport, Connecticut with an additional office in Irvine, California.
 
Believe that is a miss for them somehow stk is slightly down. Interesting stock that pays a 5% plus Div.

The current CODI portfolio includes entities engaged in the following lines of business:

Branded Consumer Subsidiaries (“Consumer”)

  • The development and marketing of purpose-built technical apparel and gear serving a wide range of global customers(5.11);
  • The design and manufacturing of a unique lacing system, which is integrated onto specialty footwear products(BOA Technology);
  • The development and marketing of wearable baby carriers, strollers, and related products(Ergobaby);
  • The design and production of premium home and gun safes(Liberty Safe);
  • The innovation and manufacture of baseball/softball equipment and associated apparel(Marucci Sports); and
  • The design, fabrication, and marketing of airguns, archery products, optics, and related accessories(Velocity Outdoor).
Niche Industrial Subsidiaries (“Industrial”)

  • The manufacture of quick-turn, small-run, and production-rigid printed circuit boards(Advanced Circuits);
  • The manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets(Arnold Magnetic Technologies);
  • The design and production of custom-molded protective foam solutions and OE components(Foam Fabricators); and
  • The manufacture and marketing of portable food warming systems, creative indoor and outdoor lighting, and home fragrance solutions for the food service industry and consumer markets(Sterno).
CODI utilizes the cash flow generated by its subsidiaries, as well as, the proceeds associated with divestments to invest in organic/inorganic growth initiatives and to make cash distributions to shareholders.
 
  • NASA and Boeing (NYSE:BA) postpone tomorrow's scheduled launch of the company's Starliner space capsule after a mishap pushed the International Space Station "out of orientation."
  • The decision to stand down comes hours after an unplanned firing of thrusters from the Russian module Nauka, which docked to the Space Station this morning.
  • At 12:45 p.m., NASA said the flight control team noticed unplanned firing of the thrusters that moved the ISS "out of orientation," before team on the ground eventually regained control and stabilize the motion of the space station.
 
I'm digging this pot co. They own zig zag.
Description

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, and Trophy brands. The NewGen Products segment markets and distributes cannabidiol isolate, liquid vapor products, and other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. The company sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, and drug stores. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was incorporated in 2004 and is headquartered in Louisville, Kentucky.


$46-->$51 on earnings.

commentary- Turning Point Brands price target raised to $65 from $63 at B. Riley 08:03 TPB B. Riley analyst Susan Anderson raised the firm's price target on Turning Point Brands to $65 from $63 and reiterates a Buy rating on the shares post the Q2 beat. The analyst says that with management again raising guidance, a continued growth opportunity with ZigZag, decriminalization and legalization of cannabis likely to boost minority investments, she continues to be a buyer of Turning Point.
 
So far this co has just skirted the areas of moral concern. Their vaping product is non tobacco but... ESG-->
Turning Point Brands acquires Unitabac cigar portfolio, no terms 07:36
TPB
Turning Point Brands announced that the Company has acquired certain cigar assets of Unitabac . The acquisition is comprised of a robust portfolio of cigarillo products and all related intellectual property, including Cigarillo Non-Tip Homogenized Tobacco Leaf , Rolled Leaf and Natural Leaf Cigarillo Products. Terms of the transaction were not disclosed. The acquired brands compete in three core segments: Trivo, Hype and Hi-Fi within the Cigarillo NT HTL segment; Cloud9 within the Natural Leaf Cigarillo segment; and Badlands within the Rolled Leaf segment. These cigars are all Grandfathered Products or subject of Substantial Equivalence Reports in place with the U.S. Food and Drug Administration.
 
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