Performance Sports Group (NYSE:PSG) is down 62% to reach a multi-year low of $4.30.
"The quarter doesn't look like an overreaction: while there were some one-time impacts, baseball was the company's lone bright spot and that segment now is struggling as well, " Martin tells the SA news team.
"Add in excessive leverage and a 60%+ decline isn't as extraordinary as it seems," he adds.
Previously: Performance Sports Group craters after guidance update (Mar. 08 2016)
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