Professional
Added to YB: 2024-10-21
Pitch date: 2024-10-16
SWIM [bullish]
Latham Group, Inc.
-11.48%
current return
Author Info
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Company Info
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand.
Market Cap
$730.7M
Pitch Price
$7.14
Price Target
50.00 (+691%)
Dividend
N/A
Sector
Leisure Products
Category
growth
The Optimist Fund Portfolio Holding: Latham Group, Inc.
SWIM: Leading fiberglass pool maker. Fiberglass pools gaining market share (22% now, 30%+ potential). 3 growth drivers: industry growth, fiberglass penetration, ancillary products. 50% drop in pool starts (60k in 2024 vs 120k 2021) hit financials. 5yr target: 4x EBITDA, $2 EPS, $50 price (25x P/E, 600% upside). Asymmetric opportunity.
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