Savvy Trades and Investments

[researcher59]

ONEW -.44 to 28.50, now down 55% from its 52wk high of 62.79 I added shares today ..... this boating retailer reported strong Sep Q4 results and guided for continued strong earnings in FY23, guiding for EPS of $9.50 midpoint, so a forward PE of 3. I'm skeptical of the guidance, especially if we get a recession, but the stock is very cheap regardless, with big earnings misses already fully priced in.

PR -

For fiscal full year 2023, OneWater anticipates same store sales to be up low to mid-single digits, despite an expected challenging macroeconomic environment. Adjusted EBITDA2 is expected to be in the range of $250 million to $260 million and earnings per diluted share is expected to be in the range of $9.25 to $9.75. Both of which include the previously announced Taylor Marine Centers acquisition, which closed on October 1, 2022 but excludes the recently announced Harbor View Marine acquisition, that has yet to close, and others that may be completed during the fiscal year 2023.

HZO (31.10) is also worth a look in the sector with a somewhat higher PE, but stronger balance sheet.