Cerberus May Spin Off the Freedom Group of Gun Companies
Just as I predicted; according to the WSJ, Cerberus Capital Management is looking to dump its Freedom Group portfolio of gun and ammunition makers.
"Cerberus will try to take Freedom Group public amid a flurry of private-equity-backed companies hoping to exploit an improved IPO market."
The article says that "Cerberus's thesis was to consolidate a fragmented industry it saw as undermanaged."
This is interesting. I would like to own these at the right price.
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3 comments:
They probably need the money after the Chrysler debacle.
i agree about the ammo makers- at the right price.
Best case scenario is probably that the IPO tanks and we can load up.
I saw some articles with a bit more specifics. But journalists never find out the important details like valuation multiples, enterprise value, etc.
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