$PRPL Outstanding Share count increased from 53M Shares last September to 67M shares now. Thats a 26% drop in value right there. 1/2pic.twitter.com/27GTtRYcv5
Here were my moves- Closed my Covered Calls, Sold ELY and then bough 5100 shares of PRPL and sold 125 puts for next year @ 25.00 strike.pic.twitter.com/dlV1mM0ey9
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..Don't see an end to their ongoing dilution And profitability, surprised they couldn't turn a profit at those price tags. Herman Miller sells a $1K share with $80 NI. They are either pricing it wrong or material prices went up since they priced it.
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