Bill Baruch, Founder, Blue Line Capital
Amer Sports
AS - N
BUY ON WEAKNESS
Oct 14, 2024
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.
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.
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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.