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Started By
Message
re: Marion Hammer says YETI is full of shite.
Posted on 4/24/18 at 7:13 pm to lsu480
Posted on 4/24/18 at 7:13 pm to lsu480
quote:
Or they cancelled their IPO because they didn't want to go public while supporting the NRA?
Or you could have spent 3-5 minutes googling it and reading to get a real reason instead of smearing your uninformed opinion all over the internet?
LINK
quote:
The company, which filed for an IPO in July, is currently weighing an equity sale to a select group of investors or the issuance of debt to finance a dividend payment to its current owners, according to people familiar with the matter.
Sounds like the current owners, including majority shareholder Cortec Group, want some cash now.
quote:
A private fundraising or debt issuance could be attractive to Cortec because it would allow the firm to reap an immediate payout. Owners that elect not to sell at the time of the IPO are typically precluded from selling shares until at least six months after the offering. In a regulatory filing, Yeti said the proceeds from the offering would be used to pay down debt or for general corporate purposes.
Also, perhaps the market conditions were concerning:
LINK
quote:
Market conditions could be anything, though it might be a veiled reference to the new tariffs on imported steel and aluminum, which have caused some volatility in the stock market. Yeti uses stainless steel in its line of tumblers and water bottles, which, according to the initial IPO filing paperwork, accounted for 62 percent of total net sales for the three months leading up to March 31, 2016.
Isn't it amazing what 5 minutes and the ability to use Google can do?
Posted on 4/24/18 at 7:29 pm to bbrownso
quote:
Yeti uses stainless steel in its line of tumblers and water bottles, which, according to the initial IPO filing paperwork, accounted for 62 percent of total net sales for the three months leading up to March 31, 2016.
Wait!! Their majority income producer is not the overpriced ice-chests, but tumblers and water bottles??
No wonder they are trying to shed the ice-coolers and concentrate on the SF crowd.
Posted on 4/24/18 at 9:37 pm to bbrownso
quote:
Isn't it amazing what 5 minutes and the ability to use Google can do?
It's amazing what people can convince themselves of when they"we determined to stay on script.
Posted on 4/24/18 at 9:54 pm to bbrownso
The two brothers pocketed about 200 mil each when the investment group bought in. If yeti goes public they will get around a billion each. Word is they wanted the cash flow to go global, hard to believe most of their sales have occured in the lower 13 southeast states... tifwiw
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