Traeger Inc (COOK)

[36Knuckle]

Traeger: Tasty Undervalued Grill Company

Mar 09, 2022 12:38 PM | Traeger, Inc.(COOK) | By: Kempano Investor

Traeger invented the wood pellet grill, which is an outdoor cooking device that uses all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue.
Traeger’s stock hasn’t been well perceived by the market and lost more than 60%, due to what seems to be mostly short-term obstacles.
In the longer term, according to my 5-year forward multiple, Traeger trades at a significant discount compared to the market.
Intense competition, low industry growth, and a high beta make it a somewhat risky stock.
With the low forward multiple and a strong competitive position, however, I estimate that the investment is worth the risk.