Michael Hakes - CFA, MBA Amer Sports AS - N DON'T BUY Apr 19, 2024

New company on NYSE. Brand includes many popular sports brands like Solomon, Wilson, Arcteryx & Atomic. Too early to determine the direction of business. Unsure on how management team will perform. Would recommend not buying yet. Valuation in line with Nike/Lululemon.

Michael Hakes - CFA, MBA

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BUY ON WEAKNESS

Near-term tailwinds came from China recently, which let Amer break out above its IPO price, despite an analyst downgrade today. Would buy a lot on a pullback. The brand loyalty for their sporting goods is solid. They have many revenues streams across many sports.

BUY

They just had a blow-out number in retail numbers in China. They have a diverse revenue stream from various sports.

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Michael Hakes - CFA, MBA Amer Sports AS - N DON'T BUY Apr 19, 2024

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