CODICompass Diversified Holdings is a US-based diversified business conglomerate with two divisions: branded consumer business and niche industrial business. Branded consumer businesses are defined as those that capitalize on a valuable brand name in their market sector. It features brands such as 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Niche industrial businesses are defined as those that manufacture and sell specific products and industrial services within a specific market sector. Advanced Circuits, Arnold, Foam Fabricators, and Sterno are among the companies represented. The company has operations in the United States, Canada, Europe, Asia Pacific, and other parts of the world.
The company provides its shareholders with the opportunity to own profitable middle-market businesses with strong market positions in their respective market niches. Their approach to creating shareholder value entails being disciplined in identifying and valuing businesses, as well as being proactive in engaging with the management teams of the companies they acquire. Compass Diversified Holdings' financial reporting and governance processes are highly transparent. The company was founded in 1998 and is headquartered in Westport, Connecticut, USA.
CODI trade ideas
CODI Break OutMost recent candle tested 3 fibonacci levels and the descending trend line to close just under the .61 Fib level. Also the MACD is going to cross any time now. In addition the proximity to the YTD POC line seems to make this a low risk entry. Considering an entry over $24.64
Target $25.94
Move in the right direction with Compass Diversified-$20 Target Great value and great TA - potential breakout
**Insider buying**
Insider Transactions +296.68%
Forward P/E 11.51
Market Cap 1.08B
Dividend of 8.66%
EPS this year -230%
EPS Q/Q +52.8%
ROI +2.7%
-36.94% off 52W High
Earnings was a massive miss & support held
$CODI - Been waiting for this long and it's here!CODI - Compass Diversified Holdings
CODI acts very similar to Berkshire Hathaway in how they pick and manage companies. This has been on my radar since high $17 range in late 2017. I'm really comfortable with this entry although I wished I could've picked them up earlier. I am, however, comfortable with my entry at 15.55 (500 shares) since we are back above major support levels. This play pays out an annual 8.5% dividend so I'll be holding this for a long time.
My entry of 500 shares was at $15.55 today, February 12th, 2019. More info at wingtrades.com
#CODI #short #stockI know, I know another H&S. Well thats how it happens sometimes. The patterns just propagate thru out the market. This one is especially interesting because of the repeating H&S pattern thru out the time frames. You can see an H&S on the daily and 15 minute. They are all unique H&S formations. Really cool to see a pattern mirror thru the time frames.
Indicators look good. trend is slightly down. pattern looks good, not as symmetrical as I would like.RRR is 2.6
15 minute
trading pattern criteria
confirmed pattern 1
pattern confirms trend or confirms broken trend 1
pattern is syemtrical 0
pattern leans in the direction of the move 1
stoch RSI confirms 1
macd confirms 1
obv confirms 1
pattern confirms on 1 higher time frame chart 1
pattern confirms on 2 higher time frame chart 1
pattern confirms on 1 lower time frame chart 1
Total score 9
It`s time for a decision !Since Compass tested the longterm downtrends bottom edge @ 13,67$ the stocked climbed and climbed. These days, the Stock is fighting against this downtrend. The first test was followed from a sharp drop back to it s 0,5 fibo-retracement at 15.50 and the stock went sideways.
IMO the Zone between These two Levels (15.5-16.5) seems to be neutral -here is no Action needed.
I see 2 different "Action Points":
1. If COMPASS > 16.5, a stopbuy could be useful :-) First TP of this Breakout-Szenario could be 17.25$
2. If Compass < 15.5$, a stoppsell is thinkable. Here the main trend would be reentered, the TP could be 15.5/12.6$
In my Chart, i have illustrated the shortposition
CODI - Compass Development, Inc$15.50 target by May: 9% rally potential. Downside risk 8% to $13.
If you can be patient and get an entry under $14, then the odds improve but the quality of CODI allows me to accept current prices. The company is located in Westport, CT and although the stock is not liquid, it does provide a dividend of 10% at current distribution rates. Keep it on your radar screen perhaps. Do some due diligence on your own. If CODI falls 10%, then the 10% yield goes up to 11% and makes it more attractive. Hence, the "stop" I am listing might not be where I take my loss, but it is a reference as to where 3 average ranges is relative to current prices. I hope this one is interesting to you all, from a long term perspective.