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Polished, hmmm
That may take a while to grow on me
Whatever, just sell chit, the name doesn't matter
Off 3.25% its first day as "POLished" on NYSE American. Stocktwiters are laughing at the new name. It's always fun to watch rubbish fall.
GOED headed for the NYSE American as POL tomorrow!
1847 Goedeker Announces Plan to Re-Brand as Polished and Shift to “House of Brands” Model
Company’s “House of Brands” to Feature Polished While Still Including Appliances Connection and Goedeker’s
Shift Will Position Polished to Capture Significant B2C and B2B Market Share While Enabling Legacy Brands to Maintain Loyal Customers
1847 Goedeker Inc. (NYSE American: GOED) ("Goedeker" or the "Company"), a content driven and technology enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today announced that it will soon begin operating under the new parent brand name of Polished and have a new ticker (NYSE American: POL), which is expected to become effective on or about July 22, 2022. The Company’s warrants will trade under the symbol POL WS. In addition, the Company announced it will be shifting to a “house of brands” that continues to utilize the Appliances Connection and Goedeker’s banners preferred by certain legacy customers. This shift represents a significant step in the Company’s rebranding process and reflects leadership’s commitment to becoming the ecommerce leader in household appliances.
The Company plans to formally launch the Polished brand, which will provide customers with a new shopping experience, and its digital assets before the end of 2022. The Company expects that the Polished brand will be the primary banner in the Company’s “house of brands” model and that the Polished banner will be a significant driver of sales over the next 12-18 months. The shift to a “house of brands” model will enable consumers, designers and builders to have greater access to more selection, better price points and personalized assistance.
Albert Fouerti, Chief Executive Officer of Goedeker, commented:
“We are thrilled to be rebranding as Polished, a ‘house of brands’ that will also include the legacy Appliances Connection and Goedeker’s banners. Additionally, we look forward to rolling out the Polished brand, a new shopping experience, in select markets over the coming months. Throughout our rebranding process, we have heard feedback from customers regarding their journey from inspiration to installation. It is our mission to reduce their pain points and deliver assurance and enjoyment throughout every step of their shopping journey. Operating under a ‘house of brands’ will enable us to drive more value for more customers by providing a personalized appliance shopping experience from initial search through delivery and installation. We believe this rebrand is another major step in our transformational journey toward our goal of increased market share and $1 billion in targeted annual sales.”
$1.20, another all-time low I believe for this rubbish stock. Interest in GOED is about nil except for some posts on Stocktwits and everyone knows what that means.
Well stated, SB.
MG
Ditto!
But GOED is obviously NOT a blue chip and would be part of a growth portfolio purchased for different reasons than dividends!
None of my stocks (all are blue chips) are at or near all-time low. Almost all of mine pay dividends.
Many stocks are in the same position...
Maybe the overall market might have something to do with that?
.
GOED
Good ER !
Solidifying as a company. Moving up the ladder!
Quarterly out!
Last quarter:
$152,752,000 Sales
$35,869,000 Gross Profit
$10,067,000 Profit
https://ih.advfn.com/stock-market/AMEX/1847-goedeker-GOED/stock-news/88117506/quarterly-report-10-q
$1.26. What junk. The audited numbers should be fun if I can make my way thru the proforma numbers.
That link doesn't work...
St Louis Post Dispatch "Steve Goedeker says his old company trashed his superstore
"ST. LOUIS COUNTY — Steve Goedeker says the people who bought his family’s appliance retailer have trashed the old Manchester Road superstore and stiffed him on the rent. [much more]
https://www.stltoday.com/business/local/steve-goedeker-says-his-old-company-trashed-his-superstore/
GOED Traders trade a stock. Wring profits out. And often move on.
I'm satisfied with my time dancing with GOED. I left the dance green.
Trading a stock does not mean someone is totally enamored with the stock/company
I see even a highly reputed blue chip airline manufacturer is struggling mighty in this market.
MG
Hi guys, I just removed myself as Ass't Mod here for two reasons:
1. I was just this morning asked to mod a fully reporting ("big board") board. I have limited free time being "on the road" 85% of the time, doing my retirement ministry. Big boards are "where I'm at" and the board I've been asked to mod is one of the last, great ihub boards. There has been such a proliferation of stock sites since ihub's heyday.
2. I get soo much more margin from my brokerage company when I'm trading fully reporting stocks. Conversely, I am penalized (severely) on margin by my brokerage co. when I trade pip squeaks like GOED.
I made money on GOED and think it's both a nifty trader and a promising long shot.
Thanks to all and a blessed Easter to everyone.
MG
Me too! Took my gains on the reversal yesterday!
Cha-CHING!
I will re-enter... GOED is a real growing company with ambitious management!
Yeah, I'm glad you bought into it too. What junk!
$2.15 close...
35% gain in 2 weeks!
So is GOED done fiddling with and correcting their 2021 filings? Things are looking slightly better for GOED, but it remains that the company has no moat and its customer reviews are poor. What became of the "Re-branding?"
Here's the 10-K as of yesterday
https://www.sec.gov/ix?doc=/Archives/edgar/data/1810140/000121390022016393/f10k2021_1847goedekerinc.htm
$2.10!
Huge gains... glad I bought into this great earnings report rather than pretending it was bad!
Clarifying a Press Release... how terrible...
Hilarious. Already been amended and restated. Do these GOED people proofread anything?
"https://www.sec.gov/Archives/edgar/data/1810140/000121390022016929/ea157773-8ka1_1847go.htm
We get an "Investor Presentation" from this stinky little "NYSE-American" penny.
I'm waiting for the fully audited 10K. When does that arrive, and from whom?
I’m sure that you remember that BRK was once considered a rubbish stock until about 1967 when Buffett started deploying capital in the insurance space?
Up almost 10%...
Apparently others also liked what they saw in the report!
Meaningless non-GAAP filler. "Proforma" this. "Adjusted" that. Will plunge into the real numbers later.
"We experienced more than 30 million annual website visits compared to 10 million site visits in 2020, made more than 450,000 white glove deliveries and now have more than 670,000 product reviews and expert how-to’s on our website."
What the hell is: "high-touch product expertise" ???
Thanks for posting!
Nice numbers!
1847 Goedeker Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Results (3/31/22)
BROOKLYN, N.Y.--(BUSINESS WIRE)--1847 Goedeker Inc. (NYSE American: GOED) ("Goedeker" or the "Company"), a content driven and technology enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today reported financial results, including GAAP and pro forma financial results, for the fourth quarter and full-year ended December 31, 2021. As previously disclosed, the Company completed the acquisition of 1 Stop Electronics Center, Inc., Gold Coast Appliances, Inc., Superior Deals Inc., Joe’s Appliances LLC, and YF Logistics LLC (collectively, “Appliances Connection”) in June 2021.
GAAP Financial Highlights
FOURTH QUARTER
Net sales were $142.7 million, compared to $16.7 million for the fourth quarter 2020.
Gross profit was $32.6 million (23% margin), compared to $0.9 million for the fourth quarter 2020.
Net income was $3.8 million compared to a loss of $9.7 million for the fourth quarter 2020.
FULL YEAR
Net sales were $362.3 million, compared to $55.1 million for 2020.
Gross profit was $79.6 million, compared to $7.3 million for 2020.
Net income was $7.7 million compared to a net loss of $21.6 million for 2020.
Cash and cash equivalents were $25.7 million as of December 31, 2021, excluding $8.1 million in restricted cash.
Pro forma Financial Highlights1
FOURTH QUARTER
Net sales were $142.7 million, compared to pro forma net sales of $107.9 million for the fourth quarter 2020.
Gross profit was $32.6 million (23% margin), compared to pro forma gross profit of $20.2 million (18.8% margin) for the fourth quarter 2020.
Net income was $3.8 million, or $0.03 per diluted common share, compared to a pro forma loss of $6.9 million, or -$0.07 per diluted common share, for the fourth quarter 2020.
Adjusted EBITDA was $11.3 million (8% margin).
FULL YEAR
Pro forma net sales were $541.7 million, compared to pro forma net sales of $370.1 million for 2020.
Pro forma gross profit was $126.0 million (23.3% margin), compared to pro forma gross profit of $73.0 million (19.7% margin) for 2020.
Pro forma net income was $28 million, or $0.17 per diluted common share, compared to a net loss of $11.2 million, or -$0.11 per diluted common share, for 2020.
Pro forma adjusted EBITDA was $48.7 million (9.0% margin).
Business and Strategy Highlights
Albert Fouerti, Chief Executive Officer and Director, commented:
“The past year was a period of significant change and transformation – one that was compounded by a lingering pandemic and persistent supply chain issues. Amidst this difficult backdrop, I am pleased that we were still able achieve significant growth and maintain strong margins. We did this while also starting to rebuild our leadership team, improve technology, strengthen supply chain and logistics capabilities, and overhaul other business and finance areas. We will continue to pursue profitable growth in the year ahead while looking for ways to optimize our infrastructure, talent and capital structure. I believe 2022 will be an important stepping stone on the road to long-term growth and our long-term goal to achieve a billion dollars in annual sales.”
In recent months, the Company has made progress against the priorities outlined by new management:
Strengthening the Company’s Leadership Team – We have made several c-level and senior hires while phasing out individuals with redundant or inapplicable skills more aligned to the legacy Goedeker business. The Company has added new executives with decades of experience in supply chain, distribution and logistics, ecommerce and marketing that are aligned with its mission and long-term vision. Moving forward, recruiting top-tier talent at all levels remains a major priority.
Establishing Deeper Connectivity with Customers – We created even deeper relationships with our customers throughout the last fiscal year. We experienced more than 30 million annual website visits compared to 10 million site visits in 2020, made more than 450,000 white glove deliveries and now have more than 670,000 product reviews and expert how-to’s on our website. This resulted in a 53% customer retention rate, a figure management intends to build on.
Refining Fulfillment Network Expansion – We made progress in the early stages of our fulfillment network expansion. We have identified the geographic areas we want to be in to get closer to the customer and further penetrate markets that are experiencing the highest levels of housing development and home remodeling. Although we currently are holding off on entering into agreements due to inventory and supply chain issues, we expect to add at least two new fulfillment centers over the next year. Management expects these additions to support long-term growth without margin degradation.
Advancing the Rebrand – The Company has completed significant work with its branding partner, and is on track to announce a new name and brand ethos in the first half of this fiscal year. These will align with our vision to become a home and appliances platform that empowers customers throughout the entire purchasing journey – from inspiration to installation. We are in the process of enhancing the content and resources available on our site that will ultimately help us create more meaningful relationships with customers.
Laying the Foundation for B2B Growth – We currently have $20 million of new business-to-business projects in the pipeline as of the first quarter of 2022 and are working to build on this pipeline throughout the remainder of the year. We expect that these will be longer term projects that may take 6-18 months to come to fruition, but we believe this pipeline will materialize into more significant revenue growth over time.
Outlook
Management’s outlook for Fiscal 2022 includes high teens to low 20s sales growth with gross margins and adjusted EBITDA margins relatively flat to our 2021 actual results. Management expects that the combination of sustained supply chain disruptions, significant inflation and geopolitical uncertainty will impact the Company and its customer base in the coming quarters. This expectation has informed the Company’s Fiscal 2022 outlook.
Investor Conference Call
The Company will host an investor conference call at 8:00 a.m. ET today to review its results. The phone number for the investor conference call is 1-844-881-0136 (toll-free) or 1-412-902-6507 (international); please ask to join the Goedeker Q4 2021 Earnings Call. The investor presentation for the call can be accessed on our investor relations site at http://investor.goedekers.com.
About Goedeker
Goedeker is a content-driven and technology-enabled shopping destination for appliances, furniture and home goods. Since its acquisition of Appliances Connection, Goedeker has evolved into a growth-oriented ecommerce platform with a distinct offering of core, premium, luxury and private label brands that can be accessed through a convenient point-and-click experience. The Company's priorities include offering an expansive selection, high-touch product expertise and reliable shipping from its expanding, nationwide fulfillment network. Learn more at www.Goedekers.com.
https://www.businesswire.com/news/home/20220331005435/en/
1847 Goedeker Inc. Announces Date for Fourth Quarter and Full Year Fiscal 2021 Earnings Release
March 25 2022 - 08:30AM
1847 Goedeker Inc. (NYSE American: GOED) ("Goedeker" or the "Company"), one of the largest specialty ecommerce players in the U.S. household appliances market, today announced that it will report fourth quarter and full year fiscal 2021 earnings results before the market opens on Thursday, March 31, 2022.
The Company will host an investor conference call at 8:00 a.m. ET on the same day to review its results. This call and all supplemental information can be accessed on Goedeker’s investor relations site at https://investor.goedekers.com. The phone number for the investor conference call is 1-844-881-0136 (toll-free) or 1-412-902-6507 (international); please ask to join the Goedeker Q4 2021 Earnings Call.
LOLOL! "GOED $2.00 seems like strong support.
Small company with big dreams.
Hitch your wagon!"
Hilarious!
GOED I have no position in GOED. Trading is time sensitive. You get in and get out with a profit.
I've had no complaints with GOED as a trader.
MG
In my decades of investing, GOED's among the junkiest listed stocks I've ever encountered.
As I often say, I "collect" the worlds scummiest stocks and GOED is a major addition to my collection. Museum quality rubbish.
And likely floorless.
GOED $2.00 seems like strong support.
Small company with big dreams.
Hitch your wagon!
MG
GOED hasn't mentioned Rebranding in months. Is anyone working in their exec offices nowadays??????
ANYONE?????
GOED Re-entered at 2.00, sometime while I was driving.
Philosophical question- is it wrong for me to keep making money on this stock? Shouldn't there be years of pain, like in a bio stock?
Well, I'm just gonna take it!
MG
GOED To the hundreds, perhaps thousands of quiet GOED bulls watching here, I hope you won't be too disappointed to learn that I took a 10% profit in about 2 market days. Some people wait a year for 10%.
I'll definitely be back in. Company is building a long-term winner!
MG
bahahahahahaha
fake hold …. can $GOED break and hold $2.25 to maybe hold the chart a little longer?
or……….
i’m thinking this may just be the …..
1847 Goedeker Inc. Appoints Kirstin Currie as Head of Marketing
January 31 2022 - 08:30AM
Ms. Currie Brings Vast Experience Developing and Implementing Marketing Strategies to Drive Growth in Categories That Include Appliances, Consumer Electronics and Household Goods
1847 Goedeker Inc. (NYSE American: GOED) (“Goedeker” or the “Company”), one of the largest specialty ecommerce players in the U.S. household appliances market, today announced that it has appointed Kirstin Currie as Head of Marketing. Ms. Currie will be responsible for driving B2B and B2C marketing strategies and customer experience initiatives, including digital advertising, content and measurement programs. Her start date is January 31, 2022.
Albert Fouerti, Chief Executive Officer and Director, commented:
"Creating a user-friendly ecommerce experience and enhancing the customer shopping journey are key priorities for us as we finalize our rebrand in the first half of this year and continue implementing our long-term growth plan. We are excited to welcome Kirstin as our new Head of Marketing and draw on her decades of experience in B2B and B2C marketing for companies that have consistently grown market share in relevant categories. Her experience leading efforts for companies like Best Buy and Jostens will be very additive as we roll out our new brand, grow with consumers and expand into the largely untapped B2B space. Her hire also reflects our ongoing commitment to building a senior leadership team with the experience, drive and relationships needed to make us the ecommerce leader in U.S. home appliances.”
Kirstin Currie Biography
Ms. Currie brings two decades of B2B and B2C marketing leadership experience across several categories, including major and small appliances, consumer electronics and household goods. She has deep expertise in digital, social, and traditional marketing initiatives. Most recently, she was the Senior Director of Omnichannel Acquisition and Engagement at Jostens, where she was responsible for building strategic social and digital media go-to-market plans, execution, and performance marketing. Earlier in her career, Ms. Currie spent over a decade at Best Buy, where she held positions such as Senior Director of Category Marketing for Major and Small Appliances. In this role, Ms. Currie led the digital marketing and customer journey transformation at the company, and worked closely with suppliers that include Samsung, LG, Whirlpool, and Dyson, among others.
IMPRESSIVE HIRE!
news pigeon, where are you?
another $GOED Monday somehow available “appointee”
of course no other “news” to report
but
FORTUNES BEING MADE HERE!!!!!
oh those poor broke innocent $GOED newbies!
oh boy oh boy !!!
feeling it … will it be a one day once and for all pump and dump?
not too much retail in this garbage so the box makers just have to watch each other
because no one is gonna chase this trash can
$200 MILLION IN GOODWILL- where did those tangible “assets” or cash go?
what won’t go up …….goes ??? especially in stinky pinky land!
oh those poor broke innocent trapped $GOED newbies!
OMG
all this interesting stinky pinky stuff on $GOED and I neglected to see the low of the day on Friday!
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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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