SA contributor weighs in on Performance Sports Group collapse

|About: Performance Sports Group ... (PSG)|By:, SA News Editor

Performance Sports Group (NYSE:PSG) is down 62% to reach a multi-year low of $4.30.

SA contributor Vince Martin isn't shocked (see articles 1/19/16 and 10/23/15).

"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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