Added to YB: 2025-01-22
Pitch date: 2025-01-22
POWW [bullish]
Outdoor Holding Company
+30.3%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Outdoor Holding Company engages in online marketplace business. It owns and operates the GunBroker e-commerce marketplace, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.
Market Cap
$258.7M
Pitch Price
$1.65
Price Target
2.30 (+7%)
Dividend
N/A
EV/EBITDA
8.77
P/E
180.49
EV/Sales
3.74
Sector
Specialty Retail
Category
special_situation
Quick Pitch #20
POWW: Goodco/badco divestment—selling ammo biz for $75m to focus on Gunbroker (eBay of firearms), ~80% GM/70% EBITDA margins. Remainco at ~3x LTM EBITDA. Base case $2.30 (40% upside), bull $4+ on 8% take-rate. NICS data suggests return to growth. ~$115m cash downside protection. Risks: CEO lawsuit, financial restatement, cash misuse. LONG.
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