@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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Replying to @purple_mattress @megibow
@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?1 reply 0 retweets 0 likes -
Replying to @BagholdCapiital @megibow
The public float increased because founders sold not because the share count increased.
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Replying to @purple_mattress @megibow
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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Replying to @BagholdCapiital @megibow
Although mattress stocks are a contrarian bet, their growth is fairly predictable as long as they execute in their manufacturing process. Margin expansion is just gravy going forward.
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I’m hedging by selling covered calls just in the event short term bumps occur.
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