Latest news with #Safariland
Yahoo
11-04-2025
- Business
- Yahoo
3 Reasons CDRE is Risky and 1 Stock to Buy Instead
Shareholders of Cadre would probably like to forget the past six months even happened. The stock dropped 25.4% and now trades at $30.01. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation. Is there a buying opportunity in Cadre, or does it present a risk to your portfolio? Dive into our full research report to see our analyst team's opinion, it's free. Despite the more favorable entry price, we're cautious about Cadre. Here are three reasons why CDRE doesn't excite us and a stock we'd rather own. Originally known as Safariland, Cadre (NYSE:CDRE) specializes in manufacturing and distributing safety and survivability equipment for first responders. Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Looking at the trend in its profitability, Cadre's operating margin decreased by 2 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. Its operating margin for the trailing 12 months was 11.8%. We track the change in earnings per share (EPS) because it highlights whether a company's growth is profitable. Cadre's full-year EPS grew at a weak 3.2% compounded annual growth rate over the last three years, worse than the broader industrials sector. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. As you can see below, Cadre's margin dropped by 5.5 percentage points over the last five years. If its declines continue, it could signal increasing investment needs and capital intensity. Cadre's free cash flow margin for the trailing 12 months was 4.6%. Cadre isn't a terrible business, but it isn't one of our picks. After the recent drawdown, the stock trades at 10.5× forward EV-to-EBITDA (or $30.01 per share). Beauty is in the eye of the beholder, but we don't really see a big opportunity at the moment. We're pretty confident there are superior stocks to buy right now. We'd suggest looking at the most entrenched endpoint security platform on the market. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today for free.
Boston Globe
14-02-2025
- Boston Globe
Providence police officers allege they suffered hearing loss because of ‘defective' headsets during 2022 shootout
The lawsuit alleges Safariland's 'Liberator' headsets lost power during a standoff with a heavily armed man, Scott MacLean, 61, who, authorities have said, fired Get Rhode Island News Alerts Sign up to get breaking news and interesting stories from Rhode Island in your inbox each weekday. Enter Email Sign Up Police returned fire. Investigators later determined Related : Advertisement During the firefight, however, the Liberator headsets worn by officers malfunctioned, the lawsuit alleges. As result, officers Daniel Carignan, Matthew Greely, Frank Moody, Sean Comella, Andre P. Elie, Jr., and Eric Cuellar, lost communication with dispatchers and between themselves, and were left 'without sufficient sound protection from the compression impact and loud noises,' the lawsuit alleges. 'Each of the plaintiffs suffered hearing loss, other injuries to their ears, inner ears, and sustained other severe personal injuries from the impact of the noise from the firing of their own weapons, and from the firing of the weapons of their fellow officers,' the lawsuit states. Moody told 'It just failed, and we found out that we had severe, immediate hearing loss,' he said, adding that he now wears hearing aids. The first officer to shoot back at MacLean, Moody told David Caprio, an attorney for the six officers, did not immediately return a request for additional comment on Friday. Advertisement According to the complaint, Safariland supplied police with 33 headsets under a city contract and 'marketed, advertised and sold the Liberators as a product that was safe which had exceptional convergence of communication and hearing protection to be used in the field during many situations, including firefights.' Prior to the shooting, Providence police had already noticed 'battery drainage problems and power loss issues' with the Liberators and sent them back to the manufacturer for repair, the lawsuit alleges. The headsets were then sent back to police sometime during or around January 2022 and the company 'represented that the Liberators were repaired and fully functional,' the lawsuit states. After the alleged malfunction during the February firefight, the headsets were again sent back to Safariland for the same issue, according to the complaint. Christopher Gavin can be reached at
Yahoo
14-02-2025
- Yahoo
Providence officers involved in shootout sue company for hearing loss
PROVIDENCE, R.I. (WPRI) – Six current and former Providence police officers involved in a dramatic shootout in 2022 have filed a lawsuit, alleging that they suffered hearing loss after the failure of a 'defective and dangerous' product that was supposed to protect them. The lawsuit, filed in Providence County Superior Court last week, names Florida-based Safariland LLC and three subsidiary companies as defendants. The 71-page complaint alleges negligence, product liability, and warranty claims. The plaintiffs — Daniel Carignan, Matthew Greely, Frank Moody, Sean Comella, Andre Elie, and Eric Cuellar — were all members of the department's Special Response Unit when they responded to a barricaded man on Denison Street in Providence on Feb. 10, 2022. Scott MacLean, 60, opened fire on officers, who then fired back, shooting hundreds of rounds at the second floor of the home where the suspect was holed up. MacLean was eventually found dead after a fire erupted in the house. A medical examiner determined he died from a self-inflicted gunshot wound. According to the lawsuit, the officers were wearing 'Liberator' headsets made by Safariland. The product is a large headset that fits around tactical helmets and is designed to provide radio communication as well as noise suppression. The complaint says during the shootout, the Liberators 'lost power, causing the plaintiffs to lose communications with dispatch, with each other, and being left without sufficient sound protection' from the gun battle. 'Each of the plaintiffs suffered hearing loss, other injuries to their ears, inner ears, and sustained other severe personal injuries from the impact of the noise from the firing of their own weapons, and from the firing of the weapons of their fellow officers,' the complaint an interview with Target 12 last year, one of the officers – Frank Moody – talked about the gun battle and how the noise suppression system 'didn't work.' 'It just failed,' said Moody, who was about to retire at the time of the interview. 'I thought over a day or so that it would my hearing would come back. We went we all went to a specialist and we found out that we had severe, immediate hearing loss.' Moody said he had to spend $7,000 on hearing aids. Attorney David Caprio filed the lawsuit on behalf of the officers in Providence Superior Court on Monday, the three-year anniversary of the case. The lawsuit came at the wire, as the officers had three years to sue before the statute of limitations kicked in. Reached by phone, Caprio declined to comment further on the lawsuit. Safariland has not retained local counsel and did not immediately return a request for comment. According to the complaint, the department bought 33 'Liberator IV Headsets' from Safariland, for a total cost of roughly $29,000. Prior to the Denison Street shootout, the department 'noticed battery drainage problems' with the headsets and sent them back to Safariland for repair. In January – one month before the incident – the company sent the headsets back, telling the department the devices 'were repaired and fully functional,' according to the complaint. The lawsuit seeks unspecified damages and attorney fees. Moody, who was a weapons specialist, said the weapon used by the Special Response Unit – a Colt M4 Carbine – produces 165 decibels of sound each time the trigger is pulled. 'I fired over 100 rounds, so think about that,' he said. 'A hundred rounds, 165 decibels. One time is hearing damage.' Tim White (twhite@ is Target 12 managing editor and chief investigative reporter and host of Newsmakers for 12 News. Connect with him on Twitter and Facebook. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
