**Disclosure: As usual we can buy more shares or sell at any time.
We have been picking up a few shares of SLGD - Scott's Liquid Gold - around the $1.20 area and higher. With a market cap around $14MM and cash on hand approaching $7MM - there seems to be some value here, especially considering earnings have been on fire the past couple years and they are adding cash at an incredible pace. The old product line (furniture care product) is not what is fueling growth here, but it's their health and beauty line (some of which they do not manufacture but only act as distributor). The earnings have been nothing short of amazing at about 24 cents the past year (which gives a P/E of about 5) - and no, this does not count the tax benefit they received in the last Q. They recently renewed some distribution agreements which should last at least another year and a half until they need to be renewed again (their big product is Batiste Dry Shampoo which is owned by Church and Dwight). These types of deep value plays (with strong growth) don't show up every day.
**Disclosure: As usual we can buy more shares or sell at any time. Comments are closed.
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Paul SaadSenior Manager, Paul Saad and Associates, LLC Archives
May 2020
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