TDG - Loar Holdings: This Aerospace Supplier Is Flying Too High In Its IPO
2024-04-29 01:55:30 ET
Summary
- Loar Holdings' shares have seen a huge surge in value after going public, leading to outrageously high valuations.
- The company specializes in designing, manufacturing, and selling niche aerospace and defense components, with a focus on mission-critical solutions.
- Despite strong growth and potential for GAAP profits, the high valuations and reliance on acquisitions make it difficult to be optimistic about Loar's future.
Shares of Loar Holdings ( LOAR ) have been a huge success as the company went public. After shares doubled from the preliminary offering range, already demanding valuations have become outrageously high as investors seem to hope that Loar is becoming a second TransDigm in the making....
Loar Holdings: This Aerospace Supplier Is Flying Too High In Its IPO