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Replying to @purple_mattress
Been watching
$PRPL from the sidelines and am pretty shocked its this low1 reply 0 retweets 5 likes -
Replying to @ReeceLongwell
Me too... Not sure the bleeding is done, but not too worried about making money at these prices either. It took 3 years for my original thesis on purple to materialize. Since then it has tripled revenue and price has only gone up by 11.00.
2 replies 0 retweets 3 likes -
Replying to @purple_mattress @ReeceLongwell
Supply chain crunch expected next year? People thinking that they just pulled forward 2022 mattress purchases during pandemic?
2 replies 0 retweets 2 likes
They discussed that- on a unit basis the pandemic didn't change a whole lot, just shifted it from wholesale to DTC. Now the opposite is happening. Wholesale demand is large, DTC demand has dropped.
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