AERO GROW INTERNATIONAL INC (OTC:AERO)

WEB NEWS

Wednesday, February 17, 2021

Research

Aerogrow International (OTC:AERO) ($3.06; $105.0M market cap), the manufacturer and distributor of AeroGardens, the world’s leading family of In-Home Garden Systems, announced Q3 2020 results:

  • Sales of $38.4 million vs $18.5 million in the prior year period
  • EPS of $0.13 vs EPS of $0.03

There is no commentary from management, as the company recently agreed to be acquired by Scotts Miracle-Gro for $3.00 a share. On January 22, 2020 we published an article highlighting why we felt the $3.00 offer did not represent fair value for shareholders. On that note, yesterday, a shareholder representing 1.7 million shares rejected the offer and laid out his case as to why shares are worth between $5.90 to $8.20.



Market Data powered by QuoteMedia. Terms of Use