Yeah liking the steady climb on SLGD! Surprised how many were available below $2.50 after those blockbuster earnings in November.
Have been taking some profits. Earnings were maybe unusually strong last quarter. And they're losing a chunk of revenue according to the 8K filing in July (below). That only negatively impacted 1 month of Q3. With a full impact starting in Q4, I'm guessing earnings drop back some.
On July 17, 2017, Scott’s Liquid Gold-Inc., a Colorado corporation (the “Company”), through its wholly owned subsidiary, Neoteric Cosmetics, Inc., entered into a second amendment to its distribution agreement with Church & Dwight Co., Inc. (the “Amendment”) to, among other things, acknowledge the extension of the term of the distribution agreement through December 31, 2018, which will be extended automatically for additional one-year terms unless terminated by either party upon delivery of written notice within 30 days prior to the end of the relevant term and provide for the addition to the Company’s distribution channels for the Batiste Dry Shampoo products of a number of new authorized specialty retailers and, effective September 1, 2017, to eliminate TJ Maxx and Marshalls (collectively, “TJ Maxx”) from among the authorized specialty retailers. While TJ Maxx accounted for more than 10% of the Company’s aggregate net sales for the full years 2016 and 2015, as a result of the Company’s organic growth and expansion and the impact of including a full year of results in 2017 and future periods from the Company’s 2016 acquisition of the Prell®, Denorex® and Zincon® brands of hair and scalp care products, TJ Maxx was not expected to account for more than 10% of the Company’s aggregate net sales in 2017 or for any of the reasonably foreseeable future periods.
