Jim Cramer - Mad Money
Bowlero
BOWL-N
BUY
Feb 27, 2023
A rare SPAC that he likes. They raised a lot of money to gradually consolidate the very fragmented bowling business. Shares are up 14% this year already.
BOWL operates over 350 lane bowling locations. Quarterly earnings will be released next week and analysts expect a 14% increase in revenues. It trades at 19x earnings and supports a robust 70% ROE. We recommend setting a stop-loss at $8.50, looking to achieve $14.00 -- upside potential of 28%. Yield 0.5%
A rare SPAC that he likes. They raised a lot of money to gradually consolidate the very fragmented bowling business. Shares are up 14% this year already.