2024-05-27 04:20:52 ET
Summary
- Smith & Wesson is undervalued and could be a target for M&A activity, following interest in its competitor Vista Outdoor.
- The competitor has been approached by both strategic acquirers and private equity money, suggesting spread interest for the sector.
- The company's valuation is low compared to its peers and historical M&A transactions in the industry, suggesting potential for a multiple re-rate.
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Smith & Wesson: A Potential Takeover Target Amid Industry Consolidation