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
Company Research
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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High impacting D/B/A Compass Diversified Holdings Shares of Beneficial Interest news events
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CODI
News
- Compass Diversified Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Compass Diversified Q3 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- Compass Diversified Announces Third Quarter 2024 Earnings and Conference Call InformationGlobeNewswire
- Compass Diversified announces $100M share repurchase program [Seeking Alpha]Seeking Alpha
- Compass Diversified Announces $100 Million Share Repurchase ProgramGlobeNewswire
CODI
Earnings
- 10/30/24 - Miss
CODI
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- CODI's page on the SEC website