The journey of Tile Shop Holdings stands out amid other "pandemic prosperity" cases, however, because of a secondary drama that played out among the company's shareholders. Two outside directors who are wealthy investors, Peter Kamin and Peter Jacullo, in late 2019 steered the company into a controversial delisting of its stock from the Nasdaq main board to the over-the-counter market. The move wiped out two-thirds of Tile Shop's market value and the two directors went on a buying spree that gave them control of the 35-year-old firm. Other shareholders quickly sued. A short time later, the two directors clashed with company founder and board Chairman Robert Rucker, leading tohis ouster and bitter public exchangein February 2020. Sean Kirkwood, who runs a Philadelphia hedge fund called SRK Capital, and studies delisted companies in search of trapped value. After the coronavirus hit, Tile Shop shares traded below $1 for several weeks last March and April. "It was basically being priced for bankruptcy, when that really wasn't likely if you dug through the numbers," Kirkwood said. His analysis led him to believe Tile Shop had plenty of liquidity for at least a year even if sales plunged 40%. He bought thousands of shares at prices averaging 81 cents. The remodeling trend helped. Tile Shop finished 2020 with a 4.5% drop in revenue, but it saw a 4% gain in the last quarter. By October, the company wiped out $63 million in debt, and it ended the year with cash on hand. Tile Shop's stock ended 2020 at $4.30 and is now trading around $7. "They did an exceptional job, way better than my best-case analysis," said Kirkwood, who continues to own shares and told his clients Tile Shop turned out to be a "huge winner." Tile Shop is a large, pure play specialty retailer of man-made and natural stone tiles and one of the largest publicly traded flooring companies. The biggest competitor in the flooring space, Floor & Decor (FND), generates 43% of their revenue from tile. Tile Shop shares have been risen about 10% since early March, which is impressive because founder and former CEO Robert Rucker has been liquidating his stake in the company. Rucker did not leave the company on a good note. He clashed with new owners and directors, and his colorful February 2020 resignation letter claimed that a then-current director "doesn't have the sense to run The Tile Shop, he could not run a gas station." Rucker's selling has comprised nearly 40% of the dollar volume over the last few months. He has since continued selling,dumping another 120,000 shares May 3rd and 4th. The good news is, he's liquidated the majority of his stake at this point, with around 2.3 million shares remaining. At the current market cap of $360 million, $60 million in EBITDA would put TTSH at an EV/EBITDA of~6and a Price/Sales of~1. Considering that interest expense is zero (they paid off all debt last year) I see this as a cheap valuation - even more so when industry leader FND trades at an eye popping EV/EBITDA of nearly 40 and a Price/Sales over 5.
Tile Shop Holdings, Inc. (TTSH) $6.89+0.58 (+9.19%) Look at a 1 year chart since Feb it has based.// It was $7.22 Feb 8th. Now look at a 5 year chart> You see the waterfall sell off from $17-$20....// A lot of big money is in this super cheap at $1.00 so we can't be too excited about getting in at $7... However this should be monitored, it's a bit like when Restoration Hardware pulled their act together and that stock shot up much further than I (or The Hedge Fund) imagined!
Last earnings Report for CURI-> We have been on to this name for a LONG time as readers of the thread will surely know... Fourth quarter 2020 revenue of $11.4 million, up 70% year-over-year; Full year revenue of $40 million, up 120% Subscribers grew 50% to approximately 15 million at the end of the fourth quarter 2020, compared to approximately 10 million at the end of the fourth quarter 2019 Full year 2020 gross margin remained consistent with 2019 gross margin at 61% compared to 62% for the full year 2019 Pretty good report margins eh? To me 60% is amazing... little to say neg- March 23. Stk is $16.47 <----------- At these earngs**** Fourth Quarter 2020 Financial Results Revenue of $11.4 million, up from $6.7 million in the fourth quarter of 2019; Total paying subscribers of approximately 15 million, up 50% year-over-year; Gross margin of 59% compared to 64% in the fourth quarter of 2019; Net loss was $(15.7) million compared to net loss of $(14.6) million in the fourth quarter of 2019; and EBITDA was $(15.5) million compared to EBITDA of $(14.8) million in the fourth quarter of 2019. Financial Outlook For the full year 2021, CuriosityStream currently expects the following: Revenue of at least $71.0 million, or 80% year-over-year growth. Stk Now-> $12.34/ I know the market has turned a blind eye to small cap growth.// So perhaps I am barking up the wrong tree... But really? $16--> $12 ... Curiosity Stream reports again this Tues after the close.... They have a bad chart. However they are at apoint where the stk rallied hard in Mid April it ripped from this $12 area to $15// ~si
I used to like this show alot. This is an unbelievable clip in which the guys went real dirty and one upped each other joke wise. This set up allowed for some good humor.
Sorry van I'm on an old time TV kick-- Check out Steve Martins I like to go in my closet and stretch out my arms and act crazy-- moment on the dating game.
This is a live feed of where the Chinese rocket is going to land ->right now it is over the water thank god. If this crashed into a major US city there is going to be hell to pay. The Chinese us a different system than everyone else they leave all their crap in space where it becomes dangerous debris.
Oh shit I just heard from an expert on CNN that the west coast is SAFE but I am IN DANGER***East COast in DANGER!! Oh shit !if this Slams into a city like Philadelphia of Chicago..Oh man... Will they tell us in time to run. Why don't they shoot this down WHERE IS THE SPACE FORCE THIS IS THEIR FIRST MISSION!!!->OR IS IT!!!! There is a treaty that says if a piece falls in your backyard you have to give it back to China... F That!
This is not going to help the anti-Asian violence spree we are seeing. Lets say it does slam into a city and kills a few hundred Americans... What then?
10 % chance it hits land... That's a little high. Goddamn NY is right in it's path I told my kid to get a go bag ready.I've got a couple waters we'll head for the hills... or the subway whatever is safer.