Jonathan Kitchen
Last month, Beyond, Inc. (NYSE:BYON) Executive Chairman Marcus Lemonis made the case to investors as to why the company should invest $40 million into The Container Store (TCS) at a price of $17.50 per share. Subsequently, TCS
Is It Beyond Time For Some Changes At Beyond, Inc.?
Summary
- Executive Chairman Marcus Lemonis has faced criticism for repeated missteps, leading to a 75% decline in BYON shares since he took over.
- BYON's cash adjusted market cap is down to $135 million, making it both a great acquisition target and a great candidate for a stock buyback.
- The company's blockchain assets, tZERO and Medici, are significantly more valuable than the retail ops based on current market values and this needs to be communicated to investors.
- Short interest continues to climb (16.3% of shares), indicating traders expect further declines, but some are expecting a turnaround or acquisition by a strategic investor like Ryan Cohen.
John Gilliam holds a BBA from Millsaps College and a JD from the Cumberland School of Law. He is the manager of Point Clear Strategic Holdings in Point Clear, Alabama. Point Clear Strategic Holdings is a value oriented activist investment group seeking opportunities in small cap technology companies.
Visit: Point Clear Strategic Capital (https://www.pointclearstrategiccapital.com/)
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BYON either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I/we have a beneficial long position in the shares of BYON and GME either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
My intent in publishing this article is to inform investors about developments related to BYON, TCS and GME. I did not and do not intend to suggest any specific action by any investor or shareholder, and strongly suggest that any decision made to buy or sell shares of this stock be made after consultation with an investment advisor as to the suitability of such an investment. I currently own shares of BYON and GME in personal and/or foundation accounts. I may buy or sell shares at any time based on market conditions and the trading price of the securities indicated.
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