RE:RE:RE:RE:RE:RE:Todays webinar with Ghasson (CEO)Hey Dunworkin, Thanks for the extra colour. I'll look forward to watching it when it's posted.
I agree with your assessment about pets. I hope that is the next category they pursue, as it has excellent long-term fundamentals supporting it's growth. And it is recession proof in that people will always find a way to pay for their pets' needs. I'm less confident about Battlbox withstanding a protracted recession, since camping/survival gear is non-essential.
I'm curious about how they plan to finance another large acquisition. In their latest corporate presentation they mention an upgraded debt facility, so one can assume that is what they are hoping for. Did he mention how this is progressing?
I suspect analysts are waiting for two bits of news before weighing in with fresh targets: the closing of a debt facility that will allow ECOM to consolidate current short-term debt and give them room for additional acquisition(s), and Q3 numbers that will better show how their exisiting brands have been performing as the economy reopens. I see both headwinds and tailwinds for their brands, and it will be interesting to see which wins out.
GLTA
Dunworkin2 wrote: Hey BCdude, the webinar was recorded, so I expect it will get released at some point. As for the E-bikes, i don't recall him getting into specifics, but on that slide he listed specific data on 4 un-named businesses, so it was real data and included stats such as EBITDA for each business.
I expect him to pull the trigger on another acquisition and expect it to be debt financed (non-equity dilutive). Also very impressed that 80% of revenue is subscription based.
Personally, I'd like to se him get into the 'pet marketplace'. Due to covid, people bought a lot of pets. (3 of my 4 kids got dogs and cats), so I really see big opportunities in the pet marketplace. Add in all the old people who love pets, big opportunities there.
Ghasson knows his stuff.