GRGD has been public for a few quarters now. Looks like their growth metrics look quite good. What are your thoughts on the company? Would you be buyers at today's prices?
Thanks!
GRGD is a fashion retailer with a focus on Gen Z and Millennial women. It operates Garage and Dynamite. It has some growth drivers with its integrated e-commerce functionalities and a strong presence across the US and Canada. It has an active share repurchase program, and the CEO owns about 87% of shares. We like its momentum, it trades at 18X forward earnings, and earnings growth is expected to be in the low double-digits over the next couple of years. We think it looks interesting here, and we would be OK with a position here, while being mindful of position sizing and its small-cap risks.