Opinions
The Panic-Proof Portfolio (Stockchase Research)
The Lovesac Company
LOVE-Q
PAST TOP PICK
Aug 17, 2021
(A Top Pick Apr 15/21, Up 0.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LOVE has triggered its stop at $59.50. To be disciplined, we recommend covering the balance of the position. Combined with the previous recommendation to cover half the position, this will result in a net investment gain over 14%.
$61.900
Stock price when the opinion was issued
Consumer Products
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TOP PICK
Stockchase Research Editor: Michael O'Reilly LOVE is a maker of foam filled furniture that is washable and modular. It uses Best Buy and Costco as their largest retailing arms. Recently reported sales were up 41%, revenue up 66%, which handily beat analyst expectations. Quarterly EPS at $1.33 beat expectation by $0.79. It is building cash reserves and has zero debt. We would buy this with a stop loss at $49, looking to achieve $76 -- upside potential over 20%. And besides, who doesn't want to have a little LOVE? Yield 0% (Analysts’ price target is $75.71)
Consumer Products
PAST TOP PICK
(A Top Pick Apr 15/21, Up 28.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LOVE has quickly achieved its $76 objective. To be disciplined, we recommend covering 50% of the position and trailing up the stop to $59.50, just above the original recommended entry level. This would all but guarantee a minimum investment return of 14%.
Consumer Products