Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Sportsman's Warehouse: No Cash, No Credit, And Ownership Ringing The Register

Who is Sportsman's Warehouse?

Sportsman's Warehouse (NASDAQ:SPWH) makes outdoor pursuits a reality by supplying customers with the proper attire and the right equipment. The sports retailer markets apparel and footwear for men, women, and children. The company also sells gear for camping, fishing, hunting, and other recreational activities. Their vast products portfolio includes such brand names as Carhartt, Columbia, Winchester, Nikon, Russell, RCBS, Under Armour, and Browning. Sportsman's Warehouse operates a network of nearly 50 stores in more than 15 mostly western states, including Alaska, California, and Washington. It also sells apparel and gear online.

SPWH has an IPO Friday, April 17th, 2014, and is expected to IPO between $11-$13/share. They are selling 12,500,000 shares, of which they...

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