NYSE:CODIDiversified Financial
Compass Diversified (CODI) Stock Rallies As Profit Returns But Revenue Slips
Compass Diversified stock jumped about 11% to US$12.32 after earnings, which suggests investors finally saw something they had been waiting for. This is a company long treated as a value play with persistent losses. The headline this quarter is a sharp swing back into the black, with Q2 basic earnings per share of US$0.84 and net income from ongoing operations of US$63.0m. Beneath that, subsidiary adjusted earnings before interest, tax, depreciation and amortization moved higher, giving the...