How many shares did PLBY buy back this quarter? Any thoughts? Could be positive if there is a couple million less shares.
J
So...how did it go??
J
It's not a question of if we hit a new 52-week low, but when we hit it. Investor, get the fingers ready to open the wallet - we were 80 cents away from the price you're chasing
R
Forgot to mention, the Preferred Shares, valued at 1,000.00 each, are superior to common shares. In other words, they get paid first.
Hedge accordingly.
J
We're likely seeing $6.50 and I wouldn't be surprised to see this dance around $5 and change. My advice is to grab when you can under $7.
J
My hand was forced by WWE so I averaged down here considerably. After grabbing 200 at $7.10, I'm now sitting at a realistic $20.10
J
A couple weeks back I said we should anticipate $5.50 at some point. I stand by
i
How low will it go realistically I don’t wanna buy in for a chance of as better buy point but I don’t wanna miss the wheels turning
Bullish
J
See @investor? Unless you're going into day trading (pros and cons to that side) patience can be a virtue. We were almost back to $9 earlier today. Think we're at $8.50 by weekend?
R
By virtue of the repurchase agreement, you "investors" of common stock are going to be nothing more than bagholders. Management sold you out to: Drawbridge DSO Securities LLC c/o Fortress Investment Group LLC 1345 Avenue of the Americas, 46th Floor New York, NY, 10105
The $50 million financing for the "repurchase agreement" is cover for the management and friends to cash out prior to a bankruptcy, IMO. It's all there if you take the time to read the document:
The $50 million, of which $25 million has already been doled out to the company, can be used for any purpose, as stated in the agreement. Should the company decide to buy back its own shares, they're likely doing it so that insiders can cash out at a higher price. Classic pump and dump.
Too bad. Hugh Hefner is likely rolling over in his grave. This PLBY Group is a bad chapter in an American success story.
BTW: exactly what did Ben Kohn mean by this statement in the press release: “This repurchase program reflects our confidence in our reimagined Playboy brand, transformed business model, and progress against our long-term growth objectives,”
Progress "against" our long-term growth objectives? Who speaks like that other than a snake.
Good luck, but I think this stock is going to 0.00.
EDGAR Pro
yahoo.brand.edgar-online.com
b
PLBY grew sales by 80% and turned a profit when it was supposed to lose money. Why did it get smoked to $7.50?
F
To that end, we spent approximately $2.6 million in the first quarter on Centerfold as we build the foundation of this platform for long-term growth. Net income in the first quarter was $5.5 million and adjusted EBITDA was $1.2 million.
This executive management team for PLBY is horrible. There advertising efforts are subliminal... zippo. The product has a legacy of highend appeal. Yet, they celebrate the on-boarding of Cardi B as a spokesperson.... really! Give me a break! A more wellspoken, sexy starlet would be such a boost promotionally for PLBY .... pick up a HEF Style bunny or Victoria Secret model and the adverising would crush it. Message to management... Wake up!
J
Man this bag is heaaavvyyy but just averaged down. In it for the long haul
Bullish
A
why is cashburn so much?
P
This might be a good entry point - currently below $8
Bullish
i
Super sad and frustrated missed a dollar climb cause I got to greedy waiting for it to fall few dimes
J
Hedge funds added big positions last quarter, Big buyback just announced, 18% short... Here we go...
B
Q1 Revenue Rose 63 Percent to $69.4 Million. Qtrly Earnings per Share $0.12. Q1 Earnings per Share View $-0.05, Revenue View $68.5 Million
Investor, get the fingers ready to open the wallet - we were 80 cents away from the price you're chasing
Hedge accordingly.
My advice is to grab when you can under $7.
We were almost back to $9 earlier today. Think we're at $8.50 by weekend?
Drawbridge DSO Securities LLC
c/o Fortress Investment Group LLC
1345 Avenue of the Americas, 46th Floor
New York, NY, 10105
The $50 million financing for the "repurchase agreement" is cover for the management and friends to cash out prior to a bankruptcy, IMO. It's all there if you take the time to read the document:
https://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?filingid=15824943&tabindex=2&type=html
The $50 million, of which $25 million has already been doled out to the company, can be used for any purpose, as stated in the agreement. Should the company decide to buy back its own shares, they're likely doing it so that insiders can cash out at a higher price. Classic pump and dump.
Too bad. Hugh Hefner is likely rolling over in his grave. This PLBY Group is a bad chapter in an American success story.
BTW: exactly what did Ben Kohn mean by this statement in the press release:
“This repurchase program reflects our confidence in our reimagined Playboy brand, transformed business model, and progress against our long-term growth objectives,”
Progress "against" our long-term growth objectives? Who speaks like that other than a snake.
Good luck, but I think this stock is going to 0.00.
https://seekingalpha.com/article/4509819-plby-group-inc-plby-ceo-ben-kohn-on-q1-2022-results-earnings-call-transcript
The product has a legacy of highend appeal. Yet, they celebrate the on-boarding of Cardi B as a spokesperson.... really! Give me a break!
A more wellspoken, sexy starlet would be such a boost promotionally for PLBY .... pick up a HEF Style bunny or Victoria Secret model and the adverising would crush it.
Message to management... Wake up!
Qtrly Earnings per Share $0.12.
Q1 Earnings per Share View $-0.05, Revenue View $68.5 Million