RE:GH 2022 Q4 "Steady as she goes"nukester wrote: Looks like top line came in a tad above Q4 2019 (Last fair comp.)
Cost of sales nibbled on our backsides as expected.
Share count down approx 2 million shares since Q4 2019
Debt is manageable and headed the right direction.
Bulk of building refresh capex behind us.
Gotta admit, GH is not exactly the biggest growth story of the investing universe, but it sure is refreshing to see an old school brick and mortar establishment keep on chugging through fires, floods, pandemics, and destructive federal policies. The durability of the enterprise has a certain beauty. Been here since 2014 aprpox, I am sticking around awhile to see how the story plays out.
Looking forward to the MALX detailed redux of Q4 numbers :-)
Cheers,
Nukester
Nukester I think we are in a transition period where customer numbers are growing but they currently have less disposable income to spend each visit.
That will change. Will take time.
Might be some M&A opportunities on horizon as overleveraged peers buckle under their debt loads.