I have a pro series Traeger. Both casters broke with minimal use. Bought new casters from Traeger. Neither one fits correctly and were very difficult to install. Casters came without instructions, so I had to guess. I went to u tube and found that people had to build a whole new leg assembly just to fit on new wheels that were not made for this smoker. I do not want to spend four hours of metal work to simply replace the casters that Traeger should have gotten right in the first place. Can of worms! Take that Traeger!
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.
Editor's Note: If you're looking to upgrade your backyard cooking setup this summer, you're probably in need of a little advice. We're longtime admirers of the folks behind AmazingRibs.com, the site dedicated to unraveling the science of barbecue and grilling. Please welcome back Max Good, the only person in the world whose full-time job is testing, rating, and reviewing grills and smokers. The database he maintains includes over 500 grills and smokers, ranging in price from $30 to $50,000. When it comes to barbecue equipment, nobody knows it better.
Hello John. Thank you for your comment and questions here! In short, you will not get the same smoke profile on a pellet smoker that you do with your BGE or PBC. That said, I do think there are some ways to mitigate this. Yes, I do feel the Smoke Tube and Mojo Cubes add smoke flavor that is detectable. Fred at Mojo Bricks does good work, and I recommend his products without reservation. This said, I have been happy with the smoke level I see in the pellet smokers I’ve used. Starting low does and ramping up later is a technique I’ve used with success when extra smoke is desired. The Rec-Tec grill gets high reviews across the board. I have no hesitation backing them, along with Green Mountain Grills. Both are made in China, but the companies have great customer service support and strong user communities. I believe each has a well-contributed Facebook group or two.
Hey Rob! First, I really appreciate you reaching out. That’s what The BBQ Beat is for! To your question, I own a Davy Crockett Tailgate Model pellet smoker and really like it. Full disclosure, it was given to me by the company to test and Jason Baker of GMG said I could just keep it. But, I get a good number of products to review sent to me and a whole lot of them don’t make it onto the blog. I’d rather “omit” than “detract” – keep things positive sharing the stuff out there that I can get behind.
While many people enjoy pellet grills, some find it difficult to use pellets to produce true, flavorful steaks and barbecue since the fuel often lacks the same flavors as traditional grills. That smoky, wood flavor many steaks have is not impossible to get with the right pellet grill however. The Z Grills Wood Pellet Grill sports a combined grill/smoker setup with temperature control for the best pellet grilling experience available.