Last month, SharkNinja (SN) quietly spun out of JS Global Lifestyle. I say quietly because I subscribe to a bunch of different spin-off services, and I don’t think any of them picked up on the spin. So, for me at least, the spin came and went without much fanfare, and I still think it isn’t on most investor’s radars. As far as I can tell, the only place it’s really been mentioned is:
Quick notes on an interesting spin $SN (part 1: set up)
About a decade ago a rushed spinoff happened entirely through 8-k filings. Wish I could remember the name. I think the ticker started with a "Q"
edit: pretty sure it was Questar/QEP resources in 2010
10x on '22 EBITDA, 8x if you annualize '23 Q1.
Appliances are under pressure.
Must be missing something big
...not seeing a meaningful discounted price here.