Investment Thesis
Since our last article, Sleep Country (SCCAF) has delivered decent Q3-19 results and has various catalysts at its disposal to continue growing. Having said that, there are some areas of concern such as organic same-store growth and a general slowdown in the industry. The stock price has taken a bit of a plunge and is currently trading at a fair valuation. Given the current valuation and the attractive dividend yield (~4.2%), which we feel is quite safe, investors should consider establishing a long position.
Stock price since last article; Source: Yahoo finance