iPower initiated with a Buy at Roth Capital 06/07/21 IPW, AMZN Roth Capital analyst Scott Fortune initiated coverage of iPower (IPW) with a Buy rating and $9 price target. The analyst notes that iPower is a leading online retailer with a 67%-plus in-house branded product mix, producing consolidated gross margins of over 37%. iPower uses data to develop products in the hydroponic category where it is currently a leading third-party online supplier on Amazon (AMZN), while optimizing low-cost sourcing, price, and fulfillment to drive margins, Fortune adds. The analyst sees margin upside to come from additional private label launches and increased Zenhydro website traffic. iPower to double warehouse capacity with new facility in California 08/02 IPW iPower announced that it has entered into an agreement to lease a new warehouse and logistics facility in Rancho Cucamonga, CA. "With the ongoing strong demand for hydroponics products and accessories, our need for world class distribution and logistics facilities has been increasing rapidly," stated Chenlong Tan, CEO of iPower. "This newly built state of the art facility will have approximately 100,000 sq ft of useable space and is strategically located near an international airport in Ontario, CA. Our new facility will more than double our current warehouse capacity and will help support our robust growth plans." TOUCHDOWN!-$4.45!!
Six Mos. Ended Dec. 31, 2020 rev-$ 26,214,252 gross profit- Six Mos. Ended Dec. 31, 2020 $ 10,510,379 Gross margin- Six Mos. Ended Dec. 31, 2020 40.09% IPW intends to sell 5 million shares of common stock at a proposed midpoint price of $10.00 per share for gross proceeds of approximately $50 million, not including the sale of customary underwriter options. We intend to use the net proceeds from this offering primarily to expand our e-commerce platform, inventory (including capitalizing on the ability to make bulk purchases), operations (including improving analytics and expanding our online sales platforms), research and development, intellectual property portfolio and for general corporate purposes, including strategic acquisitions that will allow us to increase our retail brands, expand geographically and target the commercial hydroponic market. $4.41 THE BOTTOM SNIFFER DOES IT AGAIN.
Well if Stoney's history is any guide, then astute VZ readers will wait for $4.90 and $23.70 respectively. But I'll look. Yeah, and word around the campfire is they must have sold them all to DIBS, possibly the reason DIBS has dropped like a rock since you first gave us this "cover knocking off the ball, ball smasher" at $27 per share. Is the FTC is investigating them for selling high end vehicles with salvage titles as "like new" to unsuspecting NYC housewives? That or the market-cap at $17.90 was about 60% over what the company was worth?
iPower sets below-range pricing for $17M Nasdaq IPO May 12, 2021 10:31 AM ETiPower Inc. (IPW)iPower Inc. (IPW)By: Shweta Agarwal,SA News Editor3 Comments Hydroponics-equipment maker iPower(NASDAQ:IPW)is set to begin Nasdaq trading Wednesday following an IPO that priced at $5 a share–well below its expected $9-$11 range. The company issues 3.36M common shares in the IPO for the potential gross proceeds of $16.8M, which is lower than the 5M shares they originally offered.
The Savant says...... EVLV's ceo must be coming on Cramer's show soon. I saw it in a dream Stoney. You were in it too. You were ordering lasagna from Taco-Bell via Grub-Hub. What's it all mean? EDIT:... But then I told you to have them pick it up at QSR. QSR-----> $62.92 Buy buy buy! Just like Boyd... they have consolidated long enough. Albeit Tim Hortons remains moribund in the States.
I was cruising along smoothly in the thread on cruise control until I had a logic crash in the car with your statement. Taco Bell sells lasagna now? *wretch!*
You are 100% right. Real wizards are old school. Not to mention real savants............ They buy companies for what they are really worth. I'm buying all of Slinger tomorrow for $147M.... you in @Overnight? What's a few million (times 10) in this market.
Nah, I don't trade individual stocks on a short-term basis. I'm an index future guy at the moment, remember? Still trying to work on the savant deal.