Post by retiredcfon Nov 05, 2021 11:04am
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Post# 34091965
CIBC
CIBCNovember 4, 2021 Earnings Update
SPIN MASTER CORP.
Big Q3 Beat All Around; FY21 Guidance Raised - Strong Tone Into FY22 Continues
Our Conclusion
We continue to rate Spin Master at Outperformer, and maintain our price target at $55. The company demonstrated excellent traction in capturing bigger toy market share, growing its digital revenue streams, coupled with effective marketing investments and supply chain management. We continue to view the name as an excellent medium- and long-term investment, given industry-leading growth, but at discounted valuations versus peers. We consider the name to still represent an outstanding investment opportunity at current levels, even after gains through the day.