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Apollo Global Management(APO) raised its bid for Great Wolf to
$7.85 a share.
KSL Capital Partners is also bidding for Great Wolf.
"Even after paying $8 (or $10 for that matter), we believe that the final buyer will be able to create value, simply based on internal growth (5-10% annual EBITDA growth) during the next few years," JMP Securities analysts wrote in a report Thursday. "At some point, we could see an exit at closer to 10x EBITDA ($13/share). In fact, we are somewhat surprised that no one is willing to pay 10x EBITDA today, as there are plenty of lodging assets (perhaps in better locations) trading for 12x or higher."
Shares of Great Wolf hit a 52-week high Friday of $8.11. The stock's 52-week low of $2.04 was set one year ago.
Two of the three analysts who cover Great Wolf rated it hold; one analyst gave the stock a buy rating.
TheStreet Ratings gives Great Wolf a
C- grade and hold rating. The stock has risen 176.21% year to date.
"Given powerful global brand equity, leading market positions in the prestige beauty category, and rising market shares across key business segments, we believe shares of EL should trade relatively in line to other large-cap comparables, such as Colgate-Palmolive and Procter & Gamble," Wedbush analysts wrote in an April 16 report.
Shares of Estee Lauder hit a 52-week high Friday of $64.66. The stock's 52-week low of $40.76 was set on Oct. 4.
Estee Lauder's forward P/E is 24.82; the average for personal products is 16.09. For comparison,
Avon Products(AVP) has a lower forward P/E of 13.15.
Analysts were split on Estee Lauder with 10 giving the stock a buy rating and another 10 rating it hold.
TheStreet Ratings gives Estee Lauder an A+ grade with a buy rating and
$81.91 price target. The stock has risen 14.64% year to date.