birdiestobogeys

Valuation seems low to me. Article claims they should do 390k units this year. Not sure mix between wholesale and DTC but maybe say average selling price is conservatively $300. That would put revenue at $115 million could be much higher if custom DTC builds is a larger share of mix. Acushnet trades at 2.5x sales. And LAB should have a higher multiple given its growing way faster. $300m seems like low end. Either PE just got a great deal or these numbers are way off.