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Started By
Message
re: YETI IPO soon, $5B valuation,who else is going all in on this stock?
Posted on 9/25/16 at 2:37 pm to dabigfella
Posted on 9/25/16 at 2:37 pm to dabigfella
quote:
Yeti is the rolls royce of igloos.
lol
quote:
The Yeti doesnt wanna compete with these cheap bastards and their inferior coolers.
Well, that's what they're having to do.
quote:
This is apple vs google all over.
Apples and oranges, no?
0
Posted on 9/25/16 at 2:44 pm to dabigfella
Yeti pissed off a lot of their dealers last year by not being able to fill orders in the 4th quarter. Look at the tumblers for instance, you couldn't find one on the shelves for Xmas gifts. Yeti, at least as of last year, didn't actually warehouse a lot of inventory. They were scared to invest too much in inventory, so they lost their arse off during Xmas. The unfulfilled orders last year is more a factor as to why the independent dealers began carrying RTIC and other competitors. It wasn't all just because of the crazy Yeti price points.
This info came straight from a dealer I know personally.
This info came straight from a dealer I know personally.
Posted on 9/25/16 at 2:45 pm to dabigfella
One-trick ponies are a bad investment.
Posted on 9/25/16 at 2:45 pm to Slim Chance
can i get the run down on why yeti is so much pricier than the competition, im just an outsider fascinated with the boards hate of all things YETI
Posted on 9/25/16 at 2:53 pm to dabigfella
quote:
im just an outsider fascinated with the boards hate of all things YETI
No hate here - I have a tumbler, cup, and koozie. That said, my RTIC tumbler works just as good as my YETI tumbler and was half the price.
They have done an exceptional job at marketing their product and making it "the" brand to have in this space. Now that others have seen what kind of money can be made in the space, they have flocked to it with the intent on creating products that are just as good, but at lower price points.
So, sure, YETI will likely keep those that have to have the name brand products, but they will likely lose those who just want a good product at a good price. Once YETI IPO's, then they will have to answer to investors who will be looking to keep/gain marketshare while returning profits, so I'm sure that there will be some sort of change to their business model, which could mean that they lower their price point to become more competitive, as they would obviously have the capital available to produce the amount of inventory needed to keep up with the demand.
Posted on 9/25/16 at 5:01 pm to dabigfella
I'll be shorting that shite an hour after opening bell.
Posted on 9/25/16 at 5:05 pm to Cracker
My wife has the wish app she gets the Yeti cups for $10 from China ...not sure if it's true yeti but it has the sticker and imprint on the bottom plus it works the same
Posted on 9/25/16 at 5:08 pm to dabigfella
Can't wait to short this thing
Posted on 9/25/16 at 5:10 pm to CtotheVrzrbck
Why people here in Louisiana buy that, but Y2K makes just as good coolers, cheaper here in the state. 
I wouldn't touch that stock. Many years ago, there was SS coolers that were high dollar coolers and still are. They don't sell that many anymore.
And yes, I have a 300 qt box that would hold ice for a week easy.
I wouldn't touch that stock. Many years ago, there was SS coolers that were high dollar coolers and still are. They don't sell that many anymore.
And yes, I have a 300 qt box that would hold ice for a week easy.
Posted on 9/25/16 at 5:17 pm to dabigfella
quote:
Im interested in real world users thoughts on the luxury cooler market and its potential,
I mean they'll always have a group out there that will only buy Yeti because it says Yeti on it. But I didn't think they would be a company in 10 years from now. There are better coolers and copy's of all their products for less than 50% of what they ask for it. Don't see how they can last like that.
This post was edited on 9/25/16 at 5:17 pm
Posted on 9/25/16 at 5:47 pm to dabigfella
IPOs are NOTORIOUSLY horrible investments. Best to wait for the fallout.
Posted on 9/25/16 at 5:57 pm to dabigfella
Where are you reading 5B valuation?
Looks like they are pulling in about 150M in EBITDA. That's pretty sporty. But 5B is too much
Looks like they are pulling in about 150M in EBITDA. That's pretty sporty. But 5B is too much
Posted on 9/25/16 at 6:15 pm to dabigfella
I'm thinking this IPO will go like the crocs IPO, or GoPro, etc.
Not a pretty chart...
It will be wildly overvalued and sold at the peak of growth. Sell short only IMO.
Not a pretty chart...
It will be wildly overvalued and sold at the peak of growth. Sell short only IMO.
Posted on 9/25/16 at 6:17 pm to barry
That Wall St Journal piece, I have a login
Whether Yeti succeeds with that valuation is another story. At $5B, the company would be selling for 36x 2015 EBITDA. That's steep, but Yeti is growing fast (sales more than tripled to $469M last year), and Under Armour - to name another company with hot products - sells for 67x next year's expected profits. Then there's ski-jacket maker Moncler at 20x.
Cortec, the P/E shop invested in yeti made 50x in 4 years on the deal and just got $312M in dividends from Yeti
Whether Yeti succeeds with that valuation is another story. At $5B, the company would be selling for 36x 2015 EBITDA. That's steep, but Yeti is growing fast (sales more than tripled to $469M last year), and Under Armour - to name another company with hot products - sells for 67x next year's expected profits. Then there's ski-jacket maker Moncler at 20x.
Cortec, the P/E shop invested in yeti made 50x in 4 years on the deal and just got $312M in dividends from Yeti
This post was edited on 9/25/16 at 6:19 pm
Posted on 9/25/16 at 6:26 pm to dabigfella
All the cheaper products are are good as YETI. I YETI including others and they are a equal expect in price.
Posted on 9/25/16 at 6:35 pm to dabigfella
I would but I'm concerned that they can't expand much more. Kind of like Crocs.
Posted on 9/25/16 at 6:35 pm to dabigfella
Posted on 9/25/16 at 6:37 pm to NewIberiaHaircut
lol dont these yetis last for quite some time, whats the replacement cycle on one would you estimate. I cant imagine much need to upgrade a cooler lol
Posted on 9/25/16 at 6:56 pm to dabigfella
quote:
Cortec, the P/E shop invested in yeti made 50x in 4 years on the deal and just got $312M in dividends from Yeti
Yea they killed it, we were trying to get in with them and do some work
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