well their EBITDA guidance of $15-17m in 24, after having taken up all restructuring and ERP rollout costs, seems to point to the fact that SHM are very reasonable at this point. great to see a board that accepts there being no expansion opportunities that make sense right now rather than burning up their cash pile - a very disciplined business although not at the sexiest end of the market. To return this cash pile to investors is just a sign of their confidence in the business going forward. I would also think they will have distribution opportunities brought to them by good manufacturers looking for professional distribution businesses with existing relationships - this may help the get to critical mass in the future. Bravo Shriro board!
SHM Price at posting:
90.5¢ Sentiment: Hold Disclosure: Held
(20min delay)