Not Just Mattress, Purple Innovation Is Our Favorite Retail Stock

Since going public via reverse merger three years ago, Purple Innovation Inc. (Nasdaq: PRPL) has been largely ignored by the investors, who were more attracted by high-flying startup Casper Sleep (Nasdaq: CSPR) and established players like Tempur Sealy International (NYSE: TPX) and Sleep Number Corp. (Nasdaq: SNBR) in the mattress space. Operationally, Purple Innovation has made a sharp comeback after the lockdown related shutdown and furloughs. The Company has successfully shifted its sales to the direct-to-consumer channel, keeping the growth momentum intact and making improvements on the margins fronts. In…

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Favorite Long And Short Ideas From Recent IPO Season

There has been a barrage of IPOs over the last few months. Having added some of those names to our database of proprietary earnings model, we thought of sharing our initial thoughts on our favorite names for potential Long and Short. Vroom (Nasdaq: VRM), the online car-buying platform that is being compared to Carvana (Nasdaq: CVNA) has been received well, but the hype around the name is a bit over-exaggerated right now. We have written a detailed note on the company. We believe Vroom has executed well, driving growth in the…

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