@megibow any chance of issuing bonds for a stock buy back? Seems like you’re undervalued - although there are quite a few people saying the stock is gonna go lower.
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@megibow Genuinely curious why shares outstanding went 6x since de-spacing? I see 8M shares end of 2018 to 68M currently? Do you plan to hold more secondary offerings in future?
The public float increased because founders sold not because the share count increased.
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So no secondaries from company since going public? That's good but still concerned this is COVID trade (Look at all mattress stocks, all look same, 5x now full descent) and now reopening trade is in full swing. You only need to get rich once. Hate to see people giving gains back
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So here are my thoughts. Purple has a fairly straightforward path to generate tons of cash. Tempur seal has an enterprise value of about 11b, purples is around 1.3b and trades at about 1.2x next years projected sales. Tpx is around 3x. Either purple is undervalued or tpx is overv
End of conversation
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