SRTS - I never got a scammy vibe, but more of a self-delusional vibe. When the govt locked everyone down, no one could go to the doctor, so SRTS (like most businesses) was hugely affected by the lockdowns. I think that created a sort of one-time backlog of business that was going to happen when things re-opened. At the same time they got the increased reimbursement rates which would lead to more sales with no increased marketing expense. They also came up with a leasing program, but that was dependent on low interest rates, which have now changed.
I would say BGFV was sort of the opposite of this company. BGFV benefited hugely from the lockdowns, but it was going to end once things re-opened. It was a one-time blip. Imagine if BGFV mgt assumed continued earnings growth into the future and started buying back stock in the 20s. That would have been self-delusion.
My guess is that's what we're dealing with here. I'd guess there's probably some truth to what the CEO is saying, but I just can't see any reason to be so certain.
