XSPA - XpresSpa Group Stock Forecast: What To Think About After 2020 Q4 Earnings

• Fundamentally speaking, Q4 2020 earnings from XpresSpa Group, Inc. didn't move the needle much. Strategically, they represented a clear shift.
• Both the old and new businesses are being de-emphasized in favor of an unclear pivot to a "travel health and wellness" offering.
• The pivot makes some sense, but it leaves value creation in the hands of an unproven management team with an unclear operating model.
• Investors in XSPA stock now essentially are buying a startup - and even near the lows that don't look particularly attractive.

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