Malibu: Hidden Value With Catalysts

MaximFesenko/iStock via Getty Images Malibu's (NASDAQ:MBUU) pull-forward demand from COVID has led to a hangover of performance by the company as it dealt with tough comps coinciding with tough macro conditions. Relative to the S&P 500, Russell 2000, and S&P 500 Consumer Discretionary Index, MBUU has underperformed by 79%, 63%, and 61%, respectively since Aug 2022. After a streak of misfortunes, I believe the tide has turned and the current valuation is an attractive entry point. My base case projects a 50- ...