GOED - 1847 Goedeker: Taking A Gander After The Appliances Connection Acquisition

• 1847 Goedeker Inc. completed a surprising and massively dilutive financing to purchase Appliances Connection, a company nearly six times its size.
• The transaction makes it the largest publicly traded pure-play ecommerce retailer of furniture and appliances. It also becomes immediately profitable.
• With a cheap price-to-sales valuation relative to its peers and insider buying, Goedeker merited a deeper dive.
• Full investment analysis and recommendation follows in the paragraphs below.

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