Whether it’s European Soccer, Aussie Rules, NRL, or American Football, CAT is involved, providing sports teams with technology and software solutions that give coaches and other performance-related staff real data on which to base decisions. While the black Catapult vests are now almost standard kit, it has not always been that way, and in the past, CAT has also found it hard to balance its financial capacity with the costs of innovation.
We bought CAT around 9 months ago at $1.09, with our position sitting up ~35%, and we remain bullish on the story. CAT is scheduled to report FY24 results this coming Thursday, 30th May.
- At this stage, following a nice/constructive 15% pullback, MM’s most likely action is to add to our existing holding – MM owns CAT in our Emerging Companies Portfolio.
MM remains bullish CAT ~$1.45
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