So @purple_mattress what's your opinion on the massive BofA $PRPL downgrade??
I think it’s crazy but tomorrow is the day of reckoning. If it hits 16 it will trade at 85% of next years projected sales and it has almost no debt and 100m+ of cash. A buyback would be excellent
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That’s a daily chart dream right there.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Yeah it seems like shady analysis. Haven’t read it fully yet, but I can’t understand a solid company dropping another 20% after losing 30+% in a few months because of so-called competition that’s always been there.
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And his price target dropped from 36 to 16…… prettt insane adjustment considering purple still has ample runway in retail, overseas, company owned showroom and DTC
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