Professional
Added to YB: 2020-10-01
Pitch date: 2020-10-01
BFXXQ [bullish]
BowFlex Inc.
-100%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
On August 23, 2024, BowFlex New Jersey LLC went out of business as per its Chapter 11 liquidation filing under bankruptcy.
Market Cap
$3.6K
Pitch Price
$16.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.09
P/E
-0.00
EV/Sales
0.12
Sector
Leisure Products
Category
growth
Greenhaven Road New Position - Nautilus (BFXXQ)
BFXXQ Nautilus: COVID beneficiary as home gyms replace studios. Quality equipment, strong DTC & retail under Bowflex, Schwinn, etc. Shifting from hardware to subscription rev. Majority of 2020 products "connectable". Bought at 1x rev, $500M mkt cap vs peers 7x. 94% YoY growth, record backlog. Profitable medium-term.
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