Polished.com Inc (POLCQ)

[bar1080]

A short term case for GOED from SA:

"1847 Goedeker is a strangely named company worth at least $5 per share. It's a cheap stock for a money-making business. They issued a massive number of shares to buy appliance e-commerce site Appliances Connection. It was unexpected and hated by pre-deal shareholders, but I simply disagree with their reaction. It trades at less than half the multiple of Overstock.com (OSTK) and deserves less of a discount. Want a yieldy and cautious exposure? Write December $2 puts. It could be a great way to back into a cheap stock getting puked by tax loss harvesters.

Want a bit of heat? Buy their (GOED.WS) warrants for under $1.25 per warrant. They have an exercise price of $2.25 and expire after five years from issuance. They are worth a multiple of what they cost today.

What draws my attention to this? I'm neutral to surprises and existing shareholders tend to hate them. I'm also neutral to preceding catastrophes and shareholders tend to hate them too. So if I can find an M&A deal that shocked and infuriated holders causing the price to plummet, then I take an interest. In this case, I find the deal justifiable. GOED's share issuance and warrant issuance might be disrupting the normal market function. I'm happy to take the other side from anyone that wants to dump shares in such cases."

https://seekingalpha.com/article/4471597-3-ways-to-cheat-the-tax-man