Videos are better than words- Why I am having a hard time selling $PRPL. I don't see a bear case, save a massive manufacturing SNAFU.
https://vimeo.com/manage/videos/612314560 …
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The company looks good. My one question would be why does Casper trade at such a low P/S multiple vs Purple if it’s also a faster growing similar brand? Purple seems more profitable but the P/S ratio differences is stark.
Because Casper will likely run out of cash. I expect an offering. Just my opinion. Casper could rocket if it turns profitable, but they aren't expecting that till sometime mid to late next year. So you have 3-4 quarters of heavy cash burn.
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Makes sense, thanks!
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Casper is a commodity too, yeah?
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