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

Malibu Boats Should Be A Fun Ride Over The Next Few Months And Maybe Longer

Who is Malibu Boats, Inc.?

Malibu Boats, Inc. (NASDAQ:MBUU) is a designer, manufacturer, and marketer of performance sport boats and the company has the number one market share position in the U.S. It offers its boats under two brands, Malibu and Axis, with Malibu being its luxury and high performance line and Axis being its more economical line. The company is located in Knoxville, Tennessee.

MBUU held an IPO on 12/31/2014 selling 7,142,858 shares at $14/share raising ~$100 million in proceeds. The net proceeds of the offering, underwritten at the time by Raymond James and Wells Fargo, were used to purchase "units" from its LLC, which is owned by MBUU, and to pay down $63.4mm in credit facility...

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