Smith & Wesson: A Potential Takeover Target Amid Industry Consolidation

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.

We think Smith & Wesson (NASDAQ:SWBI) is an undervalued company that could potentially be the target of M&A activity, amid the recent interest in one of its closest competitors: Vista Outdoor. The valuation attached to the company is currently low, as

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