DBGI - Digital Brands Group Has Big Plans For 2022 And Looks Like A Speculative Buy
- The company sells luxury menswear and womenswear and booked pro forma revenues of $33.5 million in 2019.
- However, sales in 2020 sank due to Covid-19 and restructuring at Bailey 44.
- Yet, revenues have been doubling each of the past few quarters and Digital Brands Group expects to achieve positive EBITDA in 2022.
- It’s an ambitious growth plan, and any hiccups will likely result in significant stock dilution.
- In light of this, I view this one as a speculative buy.
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Digital Brands Group Has Big Plans For 2022 And Looks Like A Speculative Buy