2024-02-19 04:45:48 ET
Summary
- SiteOne Landscape Supply is a leading supplier of tools and equipment for the green industry in the US and Canada.
- The company has shown strong financial performance, with high total returns and consistent revenue and EBITDA growth.
- Recent results were mixed, with organic sales down and challenges from macro factors, but there seems to be strong indications that the company's growth rate is slowing.
- I see about 28% downside from the current price if the valuation was to normalize at a more reasonable level. That said, if I were an investor in the stock, I think selling covered calls against the position makes a lot of sense given the high premiums on the stock.
Introduction
Read the full article on Seeking Alpha
For further details see:
SiteOne Landscape Supply: Water The Flowers, Not The Weeds