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"Goedeker Announces Second Quarter 2021 Results"
https://seekingalpha.com/pr/18433432-1847-goedeker-announces-second-quarter-2021-results
New article and many interesting comments on SA
Love the use of "Adjusted Proforma EBITDA."
Note that I don't own this junky little appliance dealer. But kinda fascinated by the accounting and other things.
https://seekingalpha.com/news/3729416-1847-goedeker-eps-in-line-misses-on-revenue
GOED Not going to talk about July numbers. Hmmm..
GOED My brokerage has a "news" section I access.
Looks like the news hit the public around 6:45 AM
MG
Where did you see the info? I thought it comes out 8am. Thanks.
GOED I sold Pre-Mkt at 3.10 (would had 3.18 but didn't have the +$%@&%? Extended Session tab activated (was wondering, "why isn't this going off"?) as net earnings included an eight million dollar tax benefit. Net qrtly increase, YoY, was a million. Not bad but a bit of a let down.
I'll rebuy the dip, likely today.
MG
It's back...
Looks like someone tried to put a scare into holders!
Are there actually shorts in this one?
Ever since it ran to $14, I have suspected as much!
can you take another snapshot now?
my camera not working
I dropped it off a cliff
TIA
GOED Snapshot: 3.1057 Up 1.83% AS OF 9:51:34AM ET 08/11/2021
I really am anticipating some very positive numbers since the acquisition should be pretty well incorporated by now and there is so much helicopter money being thrown around by the government!
Maybe some one-time charges associated with the acquisition.
GOED 1847 Goedeker Inc. Announces Second Quarter 2021 Earnings Release Date and Webcast BY PR Newswire — 4:14 PM ET 08/06/2021
BALLWIN, Mo., Aug. 6, 2021 /PRNewswire/ -- 1847 Goedeker Inc. ("Goedekers" or the "Company") and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced that it will hold a conference call and webcast to discuss results for the second quarter ended June 30, 2021, on Thursday, August 12, 2021 at 8:00 a.m. EDT. The company expects to release its financial results before the market opens that morning.
The call and webcast will be available via:
Webcast:
https://investor.goedekers.com on the Events & Webcasts page
Conference Call:
877-317-6789 (domestic) or 412-317-6789 (international); Please ask to join the Goedeker 2Q 2021 Earnings Call
If you are unable to participate during the live webcast, the call will be recorded and later made available on the Company's website.
GOED Will this continue up today, in anticipation of tomorrow's ER?
"I think so"(Jerry Seinfeld)
GOED I think that's their new hire. They want to incentivize her. Mgmt must feel $3.10 will work out well for her.
MG
1847 Goedeker Inc. Announces Second Quarter 2021 Earnings Release Date and Webcast
08/06/2021
BALLWIN, Mo., Aug. 6, 2021 /PRNewswire/ -- 1847 Goedeker Inc. (NYSE American: GOED) ("Goedekers" or the "Company") and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced that it will hold a conference call and webcast to discuss results for the second quarter ended June 30, 2021, on Thursday, August 12, 2021 at 8:00 a.m. EDT. The company expects to release its financial results before the market opens that morning.
Management on the call will include CEO Doug Moore, CFO Maria Johnson and CAO Bob Barry.
The call and webcast will be available via:
Webcast:
https://investor.goedekers.com on the Events & Webcasts page
Conference Call:
877-317-6789 (domestic) or 412-317-6789 (international); Please ask to join the Goedeker 2Q 2021 Earnings Call
If you are unable to participate during the live webcast, the call will be recorded and later made available on the Company's website.
CFO getting stock options at $3.10!
https://ih.advfn.com/stock-market/AMEX/1847-goedeker-GOED/stock-news/85770604/initial-statement-of-beneficial-ownership-3
Bah! Looks like typical shit people complain about all the time! Most of the complaints are about the shipping and delivery side which are not Goedeker's fault.
The current marketplace for appliances, cars, computers, etc. is totally out of whack! I recently ordered a computer from another company and was given an estimated delivery date of NEXT MARCH! And no guarantee of that!
And you did notice that the complaints nearly universally end with:
Which is worse? The BBB report or the_plummeting_chart?
See the stinko BBB report on Goedekers. Read the customer reviews which are terrible
https://www.bbb.org/us/mo/ballwin/profile/major-appliance-dealers/goedekers-0734-110208035
you say that as if
you have inside knowledge of something
-will it be top line sales and very little earnings % as normal in this space
-or do you know something more?
is there gonna be a coulda shoulda woulda statement in there? and some forward looking jibberish?
Tiny appliance peddler -- GOED -- meets none of my quality or size standards. Where's their profit/revenue moat? Google "Home Dishwashers" and see the competition for yourself.
Ever hear of Costco and Walmart? Or Lowes, Home Depot, Target, plus many regional and local sellers that come up. Read the BBB reviews. No, I won't be buying this penny stock.
As the old sayin' goes... don't like it... don't buy it!
Kicking around a bit. I think it'll have legs. Just keep our gloves on and be on the field. The ball will come to us!
MG
The MIT of Russia?
??? "degree from Moscow State Academy of Management."
?
1847 Goedeker Appoints Maria Johnson as Chief Financial Officer
July 20 2021 - 04:15PM
BALLWIN, Mo., July 20, 2021 /PRNewswire/ -- 1847 Goedeker Inc. (NYSE American: GOED) ("Goedekers" or the "Company") and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., is pleased to announce that Maria Johnson will be joining the company as Chief Financial Officer effective July 26, 2021. Maria Johnson will be assuming the CFO role from Bob Barry, who has been appointed as the Chief Accounting Officer effective the same day.
Maria Johnson is an accomplished finance executive with over 20 years of professional experience spanning across various industries and areas of expertise, including business strategy, finance transformation, financial planning and analysis, accounting and controls, risk management, and international business. Johnson has more than 20 years of experience across finance and strategic leadership roles including most recently as the CFO of E3 Investment Group since December 2019. Prior to that, she served as the CFO of John Hardy. Before assuming her role at John Hardy, Johnson served as the Vice President of Finance, Global Controller, at Cheetah Digital (formerly Experian Marketing). She also previously served as Director of FP&A at Pepsico, and Head of Financial Operations at McGraw Hill. Johnson is a licensed CPA and CIA, and holds a master's of business administration from the University of Texas at Austin and a bachelor's degree from the Moscow State Academy of Management.
"We are delighted to announce the appointment of Maria as our new CFO," said Doug Moore, Goedekers' CEO. "I look forward to collaborating with her to execute our long-term strategy. Maria has consistently demonstrated her ability to drive value creation through process optimization and possesses deep expertise in business strategy, financial transformation, and risk management. Given Maria's depth of expertise, we have the utmost confidence that as she transitions into her new role, she will have an immediate impact by leveraging her skills in refining strategic operational plans."
"We want to thank Bob for his tremendous service to Goedekers in the CFO role. Bob has been instrumental in leading our financial operations and will remain a strategic asset to the Company in his new Chief Accounting Officer role," continued Moore.
GOED was my best performer today! Up 7.94%
Interesting chart:
https://stockcharts.com/h-sc/ui?s=GOED
I touchy feely them at Best Buy (or similar) and then buy appliances online if the cost + shipping is cheaper. And with few exceptions, IT IS!
I'm out and left the board - I have no reason to return as appliances are best purchased in person for that touchie feelie buying experience.
GOED I find both points you make exceedingly weak.
Plenty of Distributors make nothing. Sysco is a huge food distributor but makes nothing.
My point had nothing to do with being "woke". It was pointing out that branding is a huge component of successful companies.
Sheesh. Have you got anything substantive against this company?
I just bot more GOED at 3.17
MG
GOED doesn't manufacture a damn thing - everything they sell can be purchased many other places.
Comparing this to Woke Coke, Woke Apple, Woke Starbucks is laughable
HAA
I can see no reason for me to nitpick a $3-$4 stock...
It looks to me like they are building a real company with real earnings here.
I have faith in management until they give me a reason not to. I haven't seen a legit concern! This is not a blue chip stock, and one should not expect it to act like one!
GOED So then Coca-Cola, Apple, Starbucks and Netflix are dumber than rocks.
The Top Branding Statistics in 2021 and Beyond
Coca-Cola spends an average of $4 billion on branding each year.
73% of consumers love a brand with friendly customer service.
65% of a company’s business comes from existing customers.
71% of consumers prefer to buy products or services from brands they know.
Apple is the most valuable brand in the world in 2021.
33% of US consumers consider switching brands after only one instance of poor service
Brands have spent over $200 million on logo design.
Certain colors used in logo, web, and product design can boost brand recognition.
74% of people become loyal to brands through content.
Companies with blogs get 67% more leads per month.
That clumsy PR certainly didn't help the stock price.
GOED Why so negative? It reads alright to me. They are trying to relaunch a new, combined company, not win the Scripps Spelling Bee. Have you had orders totaling $73.2M in a month?
MG
GOED I see nothing wrong with the message?
Unnecessarily negative!
MG
The audience is pure pennyland.
IDK the CEO seems like an idiot to me. Why do they need to pay some branding company to "assist" in branding?
APPLIANCE CONNECTION should be universally understood by even the stupid people - THEY SELL APPLIANCES and this CEO needs help figuring out that one of their existing names is PERFECT.
There Doug - Cancel the check and use the name you already own.
With so many actual scams out there committing the most egregious fraud... I can live with a company that uses hackneyed phrases!
Like an SNL spoof of PR-speak: "We at Goedekers are excited to bring this brand identity expertise to the table alongside their suite of consumer insights and activation strategies to better inform current operations while increasing customer awareness and recognition."
The hackneyed phrase, "bring to the table" mercifully fell from use years ago.
Among the many errors in this piece: Overuse of "strategic" or "strategy." "Brand" appears nine times!
1847 Goedeker to Undergo Strategic, Unified Rebranding Process
July 14 2021 - 08:30AM
BALLWIN, Mo., July 14, 2021 /PRNewswire/ -- 1847 Goedeker Inc. (NYSE American: GOED) ("Goedekers" or the "Company") and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced it has engaged Capsule to lead its strategic organizational rebranding process.
Capsule is a boutique firm that has served clients as a faithful editor for over 20 years, assisting with branding, company identity, messaging, and overall marketing strategy to produce tangible outcomes. Goedekers currently operates under two names, Goedekers and Appliances Connection, and is now undergoing the necessary process to transform into a singular brand.
"As our operations continue to grow, we find it paramount to operate under a single brand entity to help engage customers and stakeholders throughout every step of their journey with us," stated Doug Moore, Goedekers' CEO. "Capsule has historically provided clients with step-by-step strategies to better align messaging with long-term goals. We at Goedekers are excited to bring this brand identity expertise to the table alongside their suite of consumer insights and activation strategies to better inform current operations while increasing customer awareness and recognition."
Under this scope, Capsule will work with Goedekers to review the brand name, brand identity, visual identity system, and consumer messaging strategy. This strategic brand review will be aimed at providing a platform that will accelerate the Company's goal to change the way Americans buy appliances across the nation.
They bought a single store of a nationwide brand of independent resellers. Appliance Gallery Pinellas and Tampa Facebook account hasn't been active since Sept 2020, is their store even open anymore?
Well, looks like they listened and clarified last weeks vague PR - Appliance Gallery:
You do realize that that line is a boilerplate disclaimer used word-for-word by companies?
For example:
https://investors.potbelly.com/node/9616/html
So damn hilarious to this old lawyer: Amounts to, reporting person may or may not do something...
"The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable."
Is that jumble the best they can concoct? Reporting person "bla bla." Reporting person "may." Reporting person...
Like I said, they're going for the daytrader penny player sliver of the market.
That PR is an embarrassment to finance and to the English language. It says nothing
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1847 Goedeker Inc.1847 Goedeker Inc. is an industry leading e-commerce destination for appliances, furniture, and home goods. Through its June 2021 acquisition of Appliances Connection, Goedekers created the largest pure-play online retailer of household appliances in the US. With warehouse fulfilment centers in the Northeast and Midwest, as well as showrooms in Brooklyn, New York, and St. Louis, Missouri, Goedekers is a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. Goedekers and Appliances Connection carry many household name-brands, including Bosch, Cafe, Frigidaire Pro, Whirlpool, LG, and Samsung, and also carries many major luxury appliance brands such as Miele, Thermador, La Cornue, Dacor, Ilve, Wolf, Jenn-Air, Viking among others and sells furniture, fitness equipment, plumbing fixtures, televisions, outdoor appliances, and patio furniture, as well as commercial appliances for builder and business clients. Learn more at www.Goedekers.com. |
We are offering 91,111,111 units, each unit consisting of one share of our common stock, par value $0.0001 per share, and a warrant to purchase one share of common stock, in connection with our simultaneous acquisition of all of the issued and outstanding capital stock or other equity securities of 1 Stop Electronics Center, Inc., Gold Coast Appliances, Inc., Superior Deals Inc., Joe’s Appliances LLC and YF Logistics LLC (commonly known as Appliances Connection) as described in more detail in this prospectus. The warrants included within the units are exercisable immediately, have an exercise price of $2.25 per share and expire five years from the date of issuance. The shares of common stock and warrants contained in the units are immediately separable and will be issued separately.
Our common stock is listed and traded on NYSE American under the symbol “GOED.” On May 27, 2021, the last reported sale price for our common stock was $6.07 per share. The warrants have been approved for trading on NYSE American under the symbol “GOED WS” and will commence trading on May 28, 2021. In connection with this offering, we have applied for the listing of our common stock and warrants on the New York Stock Exchange, or the NYSE, however, we do not currently meet the minimum share price requirements of the NYSE and will not be able to list our common stock and warrants on the NYSE unless we meet such minimum share price and other listing requirements of the NYSE.
We are an “emerging growth company” as defined in Section 2(a) of the Securities Act of 1933, as amended, and are subject to reduced public company reporting requirements.
Investing in our securities involves risks that are described in the “Risk Factors” section beginning on page 25 of this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
Per Unit | Total | |||||
Public offering price | $ | 2.2500 | $ | 205,000,000 | ||
Underwriting discounts and commissions(1) | $ | 0.1575 | $ | 14,350,000 | ||
Proceeds, before expenses, to us | $ | 2.0925 | $ | 190,650,000 |
____________
(1) See “Underwriting” beginning on page 124 for additional information regarding underwriting compensation.
We have granted a 30-day option to the underwriters to purchase up to 2,000,000 additional shares of common stock and/or warrants to purchase up to 2,000,000 additional shares of common stock, in any combination thereof, solely to cover over-allotments, if any.
Certain of our existing stockholders and certain of our officers, directors, employees and related persons, have indicated an interest in purchasing an aggregate of approximately 2,779,600 units in this offering at the public offering price. However, because indications of interest are not binding agreements or commitments to purchase, the underwriters may determine to sell more, fewer or no units in this offering to these persons, and any of these persons may determine to purchase more, fewer or no units in this offering. The underwriters will receive the same underwriting discount on any units purchased by these persons as they will on any other units sold to the public in this offering.
The units will be ready for delivery on or about June 2, 2021.
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