1847 Goedeker: Taking A Gander After The Appliances Connection Acquisition

Jul. 18, 2021 6:30 AM ETPolished.com Inc. (POLCQ) StockPOLCQ18 Comments

Summary

  • 1847 Goedeker Inc. completed a surprising and massively dilutive financing to purchase Appliances Connection, a company nearly six times its size.
  • The transaction makes it the largest publicly traded pure-play ecommerce retailer of furniture and appliances. It also becomes immediately profitable.
  • With a cheap price-to-sales valuation relative to its peers and insider buying, Goedeker merited a deeper dive.
  • Full investment analysis and recommendation follows in the paragraphs below.
  • I do much more than just articles at The Insiders Forum: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Home Appliances
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This article was written by

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We run the investing group The Insiders Forum where we specialize in small and mid-cap stocks that insiders are buying. The Insiders Forum portfolio managed by Bret Jensen consists of 12-25 top stocks in different sectors of the market that are attractively valued and have had some significant and recent insider purchases. Our goal is to outperform the Russell 2000 (the benchmark) over time.

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