Added to YB: 2025-08-07
Pitch date: 2025-07-20
PII [bullish]
Polaris Inc.
+48.22%
current return
Author Info
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Company Info
Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally.
Market Cap
$3.9B
Pitch Price
$46.55
Price Target
200.00 (+190%)
Dividend
3.89%
EV/EBITDA
14.19
P/E
-8.54
EV/Sales
0.74
Sector
Leisure Products
Category
turnaround
Legacy Ridge Capital Partners Equity Fund New Portfolio Holding: Polaris Inc.
PII: New position ($41 avg). Off-Road segment worth >entire company at current valuation. Poor capital allocation ruined high ROIC business (71% 2013, 13% now) via TAP ($626M loss) & Boat ($805M) acquisitions. Pro-cyclical buybacks/dividends over debt reduction & buying at $30 lows. Management refocus on ORV, asset sales, debt paydown + $500M buybacks at low prices = $200 upside.
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