Compass Diversified: The Risk Of Diworsification Is Real [Seeking Alpha]
D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI)
Last d/b/a compass diversified holdings shares of beneficial interest earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
ir.compassequity.com
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Source: Seeking Alpha
9min Summary Compass Diversified's portfolio has mixed performance, with standout companies like Lugano Diamonds, BOA, and PrimaLoft, but many others lagging and facing high competition. CODI's Q2 '24 results showed 11% sales growth but missed consensus estimates, with a significant loss from divesting Crosman Corporation and high debt levels. The company's interest coverage ratio is just over 2x, which is risky; I prefer a more conservative 5x coverage for financial stability. I maintain a hold rating due to a lack of outstanding growth, high competitive pressures, risks of diworsification, and significant debt. Sadeugra Introduction It has been about a year since I covered Compass Diversified NYSE: CODI ), so I wanted to see how the company's portfolio performed and see if it would sway me to change my stance on it. In the last year, the company's share price underperformed the broader market by about 15%. Unfortunately, CODI is in a few too many businesses that hav
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CODI
News
- Compass Diversified to Host Investor Day on January 16, 2025, in New York City [Yahoo! Finance]Yahoo! Finance
- Compass Diversified to Host Investor Day on January 16, 2025, in New York CityGlobeNewswire
- Private Equity Stocks Are Hot Among Family Offices — Here Are 2 Names That Wall Street Likes [Yahoo! Finance]Yahoo! Finance
- With 60% institutional ownership, Compass Diversified (NYSE:CODI) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
- Compass Diversified (NYSE: CODI) is now covered by analysts at TD Cowen. They set a "buy" rating and a $34.00 price target on the stock.MarketBeat
CODI
Earnings
- 10/30/24 - Miss
CODI
Sec Filings
- 11/26/24 - Form SC
- 11/12/24 - Form 4
- 11/8/24 - Form SC
- CODI's page on the SEC website