Professional
Added to YB: 2022-01-27
Pitch date: 2022-01-27
CDRE [bullish]
Cadre Holdings, Inc.
+120.8%
current return
Author Info
No bio for this author
Company Info
Cadre Holdings, Inc. manufactures and distributes safety equipment and other related products that provides protection to users in hazardous or life-threatening situations in the United States and internationally.
Market Cap
$1.7B
Pitch Price
$19.80
Price Target
N/A
Dividend
0.88%
EV/EBITDA
17.07
P/E
38.77
EV/Sales
3.12
Sector
Aerospace and Defense
Category
growth
Maran Partners new position: Cadre Holdings (CDRE)
CDRE: Safariland reacquired from Armor Holdings by Warren Kanders in 2012, grew EBITDA 27% CAGR to $70M+ in 2022. Mission-driven, tech-focused, police funding tailwinds. At 10-14x EBITDA, sees 40-125% upside. Risks mitigated by brands, mgmt, valuation. Potential to 2x sales, expand margins.
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