I think valuations for the company are a little rich right now. But, it's one we are looking at to see if it gets cheaper.
Prior to COVID-19, the company was growing at a reasonable pace, but not one to justify current valuations. The pandemic brought a ton of focus on the healthy living lifestyle and as such they saw revenue and earnings soar.
But, the key catalyst for the company here will be will people stick to the healthy lifestyle, or will they stop buying Jamieson's products once the pandemic subsides and it's in the rear view mirror. The company's products "sticking" is going to be critical, because as of right now, it's trading at a fairly decent premium to its historical averages and if growth does slow, we could see a correction in price.
In a single sentence? Excellent company, but a little too expensive for my liking right now.
If we see the company come down in price, it is definitely Bull List quality.