Added to YB: 2026-03-25
Pitch date: 2026-01-26
CMCO [bearish]
Columbus McKinnon Corporation
+26.69%
current return
Author Info
No bio for this author
Company Info
Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide.
Market Cap
$394.7M
Pitch Price
$20.35
Price Target
7.00 (-52%)
Dividend
2.02%
EV/EBITDA
5.11
P/E
66.28
EV/Sales
0.87
Sector
Machinery
Category
special_situation
Columbus McKinnon Corporation - $CMCO (short)
CMCO (short): Acquiring Kito Crosby for $2.7B (10x EBITDA), taking leverage to 8.4x pre-synergies or 6.3x post $70M synergies by yr 3. Deal adds $1.2B rev, $260M EBITDA to struggling base biz (missing numbers, tepid book-to-bill). Pro forma: $3.24B net debt + prefs, 29M shares. $800M CD&R prefs @ 7% PIKing, convertible @ $38. Poor execution + macro uncertainty + uninvestable leverage = $7/share downside on 8x multiple vs historical 8x when better run.
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