‼️ Today is a BIG Day! ‼️

Kex
Kex Posts: 5,241
in The Clubhouse
Check the Spoiler if you dare! 😜
Masimo will report results for the quarter after the close of regular hours trading today.

Conference call around 1700H Eastern.

No talk of whether the sale of the consumer division, including Sound United, will be discussed.

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  • Gardenstater
    Gardenstater Posts: 4,593
    Q4 Revenue guidance misses the expectation at the midpoint, but only by 1.9%.
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Onkyo A-8017 integrated
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
    Custom Vibration Isolation Speaker Stands and Sub Platform
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  • Toolfan66
    Toolfan66 Posts: 17,603
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  • mrbigbluelight
    mrbigbluelight Posts: 9,878
    ozog14i6nga9.jpg
    Sal Palooza
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  • Jstas
    Jstas Posts: 14,889
    Was there a point here?
    Expert Moron Extraordinaire

    You're just jealous 'cause the voices don't talk to you!
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  • Jstas
    Jstas Posts: 14,889
    What do you mean we still don't know?

    They've retained a Mergers and Acquisitions (M&A) partner in Centerview and Morgan Stanley is an investment bank and a financial services provider.
    Morgan Stanley is a financial services corporation that, through its affiliates and subsidiaries, advises, and originates, trades, manages, and distributes capital for institutions, governments, and individuals. The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management.

    In other words, Masimo is trying to divest under performing liabilities while minimizing financial impact. They need a partner with resources to help fund it (Morgan Stanley) and a partner to help broker it (Centerview Partners).

    There's too much value in the Sound United brands to just pillage and shut down, besides, there's probably a disgusting amount of debt stacked on top of it and the assets are not valuable enough to cover the liabilities in a liquidation effort. So they are going to shop Sound United or even the individual brands around and eat it on the value just to unload the unsecured debt and get it off the books.

    There's no question that Polk Audio and the other consumer level audio and tech brands are going to be sold off.

    The only questions are how soon and is there enough "old school" Polk Audio culture still left at Polk Audio to embrace the user community to keep something like Club Polk going and seeing the value in the direct market contact it provides?
    Expert Moron Extraordinaire

    You're just jealous 'cause the voices don't talk to you!
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