Weber Kettle Club Forums
Grill Talk => Weber Grill Forum (Grills, Accessories) => Topic started by: Thundermtn on July 12, 2021, 07:49:49 PM
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https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/outdoor-grills-maker-weber-files-122343928.html
It's like I'll be paying myself to grill!
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Pondering what this will mean for the company, the product and us.
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Means everything goes to shit.
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It will be interesting what they do in the short run with the injection of capital. It could be an opportunity to finance R&D on really cool ideas, however as with all public companies it eventually means being accountable to shareholders which just want their investment to grow.
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.... as with all public companies it eventually means being accountable to shareholders ...
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^^^^
This
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I truly don't think it will be any worse than it is currently, as it is owned by a private equity firm which is honestly worse than publically traded companies. As a publically traded company, they will at least need to be held accountable to shareholders, and there is some accountability. Private equity is awful...see articles below. If Weber is being spun away from its parent BDT Capital, that is a good thing. However I don't know enough about what this IPO means for their relationship with BDT.
https://www.thestreet.com/opinion/private-equity-deals-can-destroy-companies-communities-and-countries-12825579#:~:text=Private%20equity%20deals%20put%20money,the%20companies%20they%20invest%20in.&text=Author%3A%20Jonathan%20Yates-,Private%20equity%20deals%20put%20money%20make%20huge%20profits%20for%20the,the%20companies%20they%20invest%20in.
https://newrepublic.com/article/159129/private-equity-cannibalizing-post-pandemic-economy
https://pestakeholder.org/report/pirate-equity-how-wall-street-firms-are-pillaging-american-retail/
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This ABSOLUTELY does not mean things go to shit, or product declines in quality. It’s already owned by the worst kind of ownership, so really it can only go up.
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I didn’t know it was owned by a private equity firm so yeah this is way better
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I’m stoked. I just got into the stock market this year and at minimum I can keep my eye in this and learn from it. Best case scenario I make a few bucks and get to vote on what direction the company goes.
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Hopefully the top notch customer service doesn't drop in quality and they don't become stingy with warranty replacements in order to increase their margins.
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I hope this doesn't mean the return to black kettles only for the U.S., while Weber offers colored kettles to the rest of the world. And, that would totally suck, if Weber U.S. Customer Service is based out of Indonesia or
India, etc.
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If they have a drp plan I'll probably buy the stocks through there, have them send me one share and frame it.
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I can understand the concern however I don't know that I agree with some of the preemptive bashing going on between here and on other groups/platforms. I will take the "wait and see" approach. Who knows? it could be a positive. It is my understanding that the Stephen family will still have a controlling interest? (Someone correct me if I'm wrong)
No I do not work for Weber-Stephen Products LLC. Just throwing in my .02
I agree with crowderjd
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Does anyone (with more stocks experience than me) know how we can watch for this to open so we can buy in from the beginning? It would be great if anyone has insight on how we can buy this and could post a how-to for us less informed!
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Does anyone (with more stocks experience than me) know how we can watch for this to open so we can buy in from the beginning? It would be great if anyone has insight on how we can buy this and could post a how-to for us less informed!
The IPO date is not set as of yet, though if you do want to buy be sure to buy right as the market opens on the IPO date OR wait for the dip in price after dust has settled (IPO stocks tend have rise rapidly in first day to week on the market and then dip down to or close to the initial price level).
I’d be interested to see how much revenue the smoke fire compared to more established brands in the pellet arena. That could play a role in the perceived value of the company.
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I’m stoked. I just got into the stock market this year and at minimum I can keep my eye in this and learn from it. Best case scenario I make a few bucks and get to vote on what direction the company goes.
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No offense intended, but I’m not sure you understand how the stock market works. You, as a small fish in a very big ocean, get zero votes.
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I’m stoked. I just got into the stock market this year and at minimum I can keep my eye in this and learn from it. Best case scenario I make a few bucks and get to vote on what direction the company goes.
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No offense intended, but I’m not sure you understand how the stock market works. You, as a small fish in a very big ocean, get zero votes.
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Then explain to me why I get to vote on issues as a shareholder from other companies I’ve invested in?
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I’m stoked. I just got into the stock market this year and at minimum I can keep my eye in this and learn from it. Best case scenario I make a few bucks and get to vote on what direction the company goes.
Sent from my iPhone using Weber Kettle Club (https://siteowners.tapatalk.com/byo/displayAndDownloadByoApp?rid=91018)
No offense intended, but I’m not sure you understand how the stock market works. You, as a small fish in a very big ocean, get zero votes.
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Then explain to me why I get to vote on issues as a shareholder from other companies I’ve invested in?
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pretty sure they will be voting shares !!
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This ABSOLUTELY does not mean things go to shit, or product declines in quality. It’s already owned by the worst kind of ownership, so really it can only go up.
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I disagree here. Quality can still go down significantly for short term profitability. To be honest, I'm not super optimistic about it from an enthusiasts perspective. It also seems like Weber would be a target for acquisition for a home appliance/electronics company like a Whirlpool/BSH/LG looking to expand/diversify hard goods manufacturing capabilities or quickly get into the outdoor cooking products market.
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Does anyone (with more stocks experience than me) know how we can watch for this to open so we can buy in from the beginning? It would be great if anyone has insight on how we can buy this and could post a how-to for us less informed!
@saxart you may also be interested in reading the Weber S-1 SEC filing which gives information on the operations of the business, financials, and product strategy. https://sec.report/Document/0001193125-21-212480/
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you may also be interested in reading the Weber S-1 SEC filing which gives information on the operations of the business, financials, and product strategy. https://sec.report/Document/0001193125-21-212480/
Thanks Gummi!!!!
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Here’s a decent article on the handful of BBQ related IPO’s this season. https://www.google.com/amp/s/www.forbes.com/sites/pamdanziger/2021/07/20/in-battle-for-the-barbecue-weber-traeger-bbqguys-and-solo-stove-plan-ipos/amp/
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Treager opened Wednesday and I bought in at $22.00.
When I talked to my broker I asked him about Weber. After he talked to his trader and made the deal he called me back to confirm. He told me that the trader thought Weber would hit the market sometime the week of 8/2.
We shall see?
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Treager opened Wednesday and I bought in at $22.00.
When I talked to my broker I asked him about Weber. After he talked to his trader and made the deal he called me back to confirm. He told me that the trader thought Weber would hit the market sometime the week of 8/2.
We shall see?
Cool to see it up 20-25% one week in.
This article was pretty interesting for those looking for a more detailed financials perspective. https://www.marketwatch.com/story/grill-companies-weber-and-traeger-are-going-public-during-summer-outdoor-cooking-season-data-shows-one-has-the-financial-edge-11627581970?mod=mw_quote_news
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Weber prices below expectations as grill maker downsizes its IPO
https://www.foxbusiness.com/markets/weber-prices-below-expectations-as-grill-maker-downsizes-its-ipo
The stock closed at $16.49 on its first day of trading.
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I'm in. First order of business is getting rid of the tacos. When do we vote? :)
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I threw in a little pocket change yesterday.
What the hell .... dance with the one that brung ya.