LOVE - Lovesac: Upgrading To Neutral On Crisis Response But Risks Still Remain

Lovesac (LOVE), a recent IPO and manufacturer of high-end sectional furniture, enjoyed one of its strongest one-day pops after posting surprisingly strong fourth-quarter results and sounding off optimism for the rest of the fiscal year, despite dour earnings releases from many other companies especially in the retail sector.

Lovesac popped more than 25% in response to the earnings release, though it's still down about 50% year-to-date and more than 80% from all-time highs above $40.

In my last update on Lovesac, I sounded off a bearish note on Lovesac based

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