Exceed - EDS
Guys, do you have any thoughts on this name. This was a SPAC at the same time as CCME, but did not see much discussion on this. The following are the positives:
A large fund support (like Starr), New Horizon who purchased their shares in mid 7s.
Management with integrity
Competitors trading at lot higher multiple (ANTA @ 22x, Meike and Flyke between 10x and 15x with recent IPO).
EDS trading lot less than these three names
Warrants trading well without lot of news.
Earnings due mid April per management
Management comfortable with earnout targets (>$38MM for 2009)
Most data services still show the SPAC (2020) info
Negatives
Company withholding news possibly a deliberate action to retire warrants.
Not much discount on warrants at current quote.
Stiff competition from international players like Nike, adidas etc and also local players like Li Ning, Anta, etc.
Hoping it will reach $15 easily once earnings is released and digested by investment community.
Thoughts
