Newell to sell Pure Fishing

[moguy1973]

Pure Fishing is being sold again.  

https://scout.com/outdoors/bass-fishing/Article/Newell-Brands-to-Sell-Pure-Fishing-118099560

[timinmo]

Yeah, I think that is kind of funny.  It was purchased like two years ago.  I guess it was not the cash cow that Newell thought it was.  The problem that this creates for us fishermen is a disruption in the supply chain, which usually means shortages in some areas.  So if you like certain products from Purefishing, and there are alot, you might think of stocking up now.  Some of their products have been hard to get already.

[tjm]

Don't you suppose that when you buy a conglomerate like Jarden Corp, the then owner of Pure Fishing, you might be more interested in the forty-leven other brands Jarden owned than in a single company? I'd guess Newell had plans to break Jarden up is why they bought it.

[Gavin]

I'm sure they have a good cash flow, but probably low growth. Wall St wants rocket ships with high growth in revenue & high margins, not cash cows. They probably kept those.