Polaris invests in Victory Capital Management

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Polaris Inc ($NYSE:PII). is an American manufacturer of snowmobiles, all-terrain vehicles, motorcycles and personal watercraft. The company also manufactures motorcycles through its Victory Motorcycles and Indian Motorcycle subsidiaries. Polaris Inc. has a $2.34 million stake in Victory Capital Management Inc., a publicly traded investment management company. Victory Capital Management Inc. provides investment management and advisory services to mutual funds, institutional clients and individuals.

Share Price

This caused Polaris’ stock to open at $103.6 and then close at $100.4, down 3.6% from its prior closing price of $104.2. Victory Capital Management is a much smaller firm, but it has a good reputation in the industry. This investment shows that Polaris is confident in Victory’s ability to grow and succeed.

The stock market reacted negatively to the news, but it’s important to remember that Polaris is a long-term investor. It’s possible that the market will rebound and Polaris will come out ahead on this deal.

VI Analysis

Polaris Inc. is a American manufacturer of motorcycles, snowmobiles, ATVs, and electric vehicles. Polaris is a publicly traded company, and its shares are listed on the New York Stock Exchange. Polaris has a strong financial position, with a strong balance sheet and good cash flow.

However, the company does have some risk factors to consider. There are two risk warnings in the balance sheet, one regarding the company’s ability to continue as a going concern, and the other regarding the company’s ability to meet its debt obligations. However, overall, Polaris is a relatively safe investment.

VI Peers

Polaris Inc, Zhejiang CF Moto Power Co Ltd, Nissan Shatai Co Ltd, and Auto Parts 4Less Group Inc are all companies that manufacture and sell vehicles. Each company has its own unique history and set of products.

– Zhejiang CF Moto Power Co Ltd ($SHSE:603129)

Zhejiang CF Moto Power Co Ltd is a Chinese company that manufactures and sells motorcycles, ATVs, and scooters. The company has a market cap of 21.52B as of 2022 and a Return on Equity of 11.52%. CF Moto was founded in 1989 and is headquartered in Hangzhou, China. The company sells its products in over 80 countries and has over 6,000 dealers worldwide. CF Moto’s product line includes street bikes, dirt bikes, and ATVs. The company also offers a line of electric vehicles.

– Nissan Shatai Co Ltd ($TSE:7222)

Nissan Shatai Co Ltd is a Japanese automotive manufacturer with a market cap of 112.16B as of 2022. The company has a Return on Equity of -1.77%. Nissan Shatai Co Ltd manufactures cars, trucks, and SUVs. The company also manufactures and sells electric vehicles and vehicle parts.

Summary

Polaris Inc. is an American manufacturer of snowmobiles, ATVs, and electric vehicles. The company also manufactures motorcycles, pontoons, and boats. Polaris is based in Minnesota. The company is headquartered in Cleveland, Ohio.