Nice find on SGMA and Wagz. $1.5M revenue last year for Wagz. Very paltry like I figured. I don't know how much upside there is, as a $200+ dog collar isn't something a regular person can afford.
Why'd they do the deal? SGMA & Wagz have had a business relationship for years. SGMA was making the collars. Management of both companies might be buddies. Maybe Wagz was going under. Who knows. I think SGMA thought this may have been a good deal a year ago when the stock was at $3 and their business wasn't doing too hot. Now they're seeing strong demand. Maybe that's why the deal took so long to close. Not sure.
Anyway good luck with it. I think it'll be a good one into the September earnings report as they're gonna recognize a huge PPP forgiveness gain. My last SGMA post for awhile as I've made way too many posts about it lately.
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