Hi – my husband and I are really interested in a pellet smoker. We came across some when we were at a fair and are trying to find more information about the Traeger brand because the price seems affordable compared to all the others you mentioned. You started out talking about the Traeger but never gave any feedback on it? Little help please:) Thanks!
Vista Outdoor will pay a total purchase price of $74 million for Camp Chef, comprised of $60 million in cash paid at closing and $14 million in cash to be paid out in equal installments on the first, second and third anniversaries of the closing date, subject to certain conditions described below. However, the effective purchase price is lower, due to value created by certain tax assets resulting from the transaction and the deferred purchase price structure, leading to an effective multiple of approximately 6.4x Camp Chef's expected calendar year 2016 EBITDA. Vista Outdoor financed the purchase price paid at closing using borrowings under its existing revolving credit facility. Vista Outdoor expects the acquisition to be slightly accretive to FY17 earnings per share (EPS), including impacts associated with transaction expenses. A majority of the payment of $14 million of deferred purchase price will be contingent on continued employment of key members of management and certain other conditions. As a result, Vista Outdoor plans to record the payments conditioned on continued employment as a compensation expense in future periods in accordance with GAAP. However, for purposes of presenting certain non-GAAP financial measures, including adjusted EPS, Vista Outdoor expects to treat those deferred payments as deferred purchase price and will therefore adjust the payments out of its financial results in future periods as payments are made. The purchase price will also be subject to a customary working capital adjustment. Additional information, including impact on full-year guidance, related to Camp Chef will be presented during Vista Outdoor's second quarter FY17 earnings call and webcast.
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However, with a pellet smoker, you can ensure that new pellets are being fed into the fire automatically, ensuring that it burns for longer and while it burns, it imparts with its flavors. It doesn’t need to be soaked and fed into a burning pile of coal to work. Above that, sawdust, when separated by the heat and being burned, gets a larger surface area to burn with and thus sends out a bigger burst of flavor per pellet.
Bake, braise, grill, smoke, and sear – all of these cooking techniques can be fully experienced by just using one unit of backyard cooker! Yes, you can definitely do different kinds of cooking to your pork, beef, fish, pizza, or pie by just using the Camp Chef Smokepro STX Pellet Grill without burning charcoals and woods to start the cooking process.