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purple_mattress's profile
Mattress_King
Mattress_King
Mattress_King
@purple_mattress

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Mattress_King

@purple_mattress

Reddit u/dhsmatt2. Average Investor with below average returns - $PSTH $PRPL $SVFA $CHAA $PAQC $SOFI

USA
Joined January 2015

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    1. David Buell‏ @GratefulDave93 Nov 8

      So @purple_mattress what's your opinion on the massive BofA $PRPL downgrade??

      2 replies 0 retweets 0 likes
    2. Mattress_King‏ @purple_mattress Nov 8
      Replying to @GratefulDave93

      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

      2 replies 0 retweets 2 likes
    3. David Buell‏ @GratefulDave93 Nov 8
      Replying to @purple_mattress

      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.

      1 reply 0 retweets 0 likes
    4. Mattress_King‏ @purple_mattress Nov 8
      Replying to @GratefulDave93

      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

      1 reply 0 retweets 1 like
    5. David Buell‏ @GratefulDave93 Nov 8
      Replying to @purple_mattress

      Makes me wonder if he is just an inept analyst if he was off by 55%. I have a feeling it’s something else.

      2 replies 0 retweets 0 likes
      Mattress_King‏ @purple_mattress Nov 8
      Replying to @GratefulDave93

      Like?

      7:40 AM - 8 Nov 2021
      2 replies 0 retweets 0 likes
        1. David Buell‏ @GratefulDave93 Nov 8
          Replying to @purple_mattress

          Profiting on a short, buying up cheap shares. Or vindictiveness I have no idea. Why would you maintain $36 through all the shit (death, machine re-tooling, drop in production) then when short interest is at its highest drop you PT 50%.

          0 replies 0 retweets 1 like
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        1. David Buell‏ @GratefulDave93 Nov 8
          Replying to @purple_mattress

          I hate being that guy blaming every failure on SHORTS but I just cannot understand this analysis.

          0 replies 0 retweets 0 likes
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