GOED

1847 Goedeker Inc

Consumer, TMT


Presented:06/14/2021
Price:$3.16
Cap:$0.33B
Current Price:$0.00
Cap:$0.00B

Presented

Date06/14/2021
Price$3.16
Market Cap$0.33B
Ent Value$0.05B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S103.12M
Ave Daily Vol7,128,974
Short Int5.12%

Current

Price$0.00
Market Cap$0.00B
1847 Goedeker, Inc. operates as an online retailer. It provides home furnishings, including appliances, furniture, home goods, and related products. The company was founded in 1951 and is headquartered in Ballwin, MO.

Publicly traded companies mentioned herein: Amazon Inc (AMZN), Best Buy Co Inc (BBY), Overstock.com Inc (OSTK), Purple Innovation Inc (PRPL), The Home Depot Inc (HD), Wayfair Inc (W), 1847 Goedeker (GOED)

Highlights

The presenter is long shares of 1847 Goedeker Inc (GOED) an online appliance seller, seeing it as a potential double or triple, possibly by year-end. He believes the timing is nearly ideal as GOED bought a company much larger than them, Appliance Connections, and at the beginning of June, it issued equity and warrants to pay for it. ThinkEquity was the sole book-runner and may have mismanaged the issuance by pricing it too low, and placing shares with short-term accounts who sold the stock and kept the warrants. For reference, the issue priced at $2.25 and it currently trades at ~$3.00/share.

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Idea Discussion

Commentor 1 - 2 weeks ago

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