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JOUT - Assessing Where Johnson Outdoors Will Bottom
Johnson Outdoors Inc.
Johnson Outdoors (JOUT) came across our desk as a potential value play. The outdoor equipment manufacturer interests us because of its present valuation, strong balance sheet, growing earnings as well as growing dividends. Due to elevated volatility in equity markets over the past few weeks, many quality companies' valuations have been pared by 30% or more.
At present, Johnson Outdoors shares trade with an earnings multiple of 9.9, a book multiple of 1.6, a sales multiple of 0.9 and a cash-flow multiple of 9.6. Many times, companies can trade on the cheap