Replies to post #74895 on Savvy Trades and Investments

[gilead23]

SPWH agree different store format and I'm not banking on a buyout but it does make superficial sense. SPWH has just 10 stores in CA and I think BGFV has about 80 so it expands their footprint there with minimal cannibalization and SPWH is valued at 6 times BGFV for a similar revenue base so a buyout would be significantly accretive. I think the long case as it pertains to SPWH is simpler than that. They are peers with a similar revenue base and re-rating to even 1/3 of SPWH's valuation is a double from here.