Is Polaris Industries a Buy After Cutting Loose This Unprofitable Business?
Polaris Industries (NYSE: PII) hasn't fared as poorly as some in this era of rampant inflation and sky-high gas prices, with its stock down only 3% year to date compared to a 20% decline in the S&P 500.
One drag on its performance over the past few years, though, has been its money-losing aftermarket Jeep and truck parts retail business. But with the decision to sell Transamerican Auto Parts to private-equity backed Wheel Pros, the company will be more narrowly focus on its core power sports vehicle operations. Does that make Polaris stock a buy?
Image source: Polaris Industries.
Source Fool.com
