James Hagedorn, Scotts Miracle-Gro Chief Executive Officer and Chairman of the Board, on the tremendous opportunity in the cannabis space, potentially spinning off the fast-growing Hawthorne division and more…
Date: December 01, 2021
Our fiscal year ends at the end of September, on top of growth 23 or 24%, in '20. A 33% increase in two years on a business that we viewed is pretty mature. It gets back to the demographics wanting to have a home, a yard, and garden. What happened during COVID was this issue, we didn't know what was going to happen. This issue of essentiality-- remember that whole argument, only essential businesses could be open, you only could go out to do something essential. People early on said gardening is essential, and not every state agreed. There were two states that didn't. Michigan and Vermont, both said, "Really? Buying plants? That's essential?" Consumers argued the point, and both those states had to back up and say, "We agree, lawn and garden is essential." For us, having a business-- and the same was true with the cannabis business. People both from a medical point of view and most states recreationally, it was deemed to be an essential business. That, to me is some kind of confirmation that we're not on the wrong track, that people say, "Your business is essential."
Jonathan Boyar on The Business Brew Podcast
Date: November 22, 2021
Jonathan Boyar was a guest on Bill Brewster’s The Business Brew Podcast where he discussed the investment case for Qurate, Discovery Communications and Disney among many other topics. Topics discussed: What differentiates Boyar Research Why we normally do not invest in energy stocks What is the Forgotten Forty How we find value in stocks that […]
The Boyar Value Group 3rd Quarter Client Letter
Date: October 13, 2021
The Boyar Value Group just released our latest quarterly letter to clients. Overvaluation against historical averages does not mean that investors should avoid equities, because extraordinarily low interest rates make prior valuation comparisons less meaningful. More important, at The Boyar Value Group, we don’t buy “the market”; rather, we purchase, and hold, businesses that sell […]
The Boyar Value Group 2nd Quarter 2021 Client Letter
Date: September 07, 2021
The Boyar Value Group just released our latest quarterly letter to clients. Please click here to read the letter.