Operating Income Improves at CODI Sports Brands
Compass Diversified’s sporting goods brands posted mixed results in the third quarter, the company revealed in a delayed SEC filing, but profitability was better across the board. CODI is now fully up to date with its reporting to both the government and its lenders, but still needs to hold an annual shareholders’ meeting, which was delayed by the Lugano fraud investigation and subsequent bankruptcy filing. Management said that it was investigating several possible divestitures, but any moves would depend on “how the market materializes.” However, if the stock price remains depressed, ... Log in to view full article.