HD - SiteOne Landscape: No Green Shoots Yet

2024-06-05 13:02:14 ET

Summary

• SiteOne Landscape's shares are under pressure as the landscape industry continues to struggle in the post-pandemic era.
• The company claims to be the largest distributor of landscape products with a 17% market share.
• Despite recent declines in share price, the valuation remains high, and real execution is needed to drive appeal.

Shares of SiteOne Landscape ( SITE ) have come under renewed pressure as the pullback in the landscape industry continues in the post-pandemic era. A valuation which has been stretched way beyond reasonable valuations in recent years continues to normalize. And even as shares are down quite a bit, they remain under pressure....

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