- Goedeker's recent full-year results and guidance suggest the story is on track at an attractive valuation of 8x earnings.
- The company may sustain a leadership position in online appliance delivery with a broad selection of attractively priced products.
- In the context of a potentially weakening consumer, appliance purchases may prove more robust than expected.
- If the company can sustain double-digit sales growth, the company may re-rate to a more premium rating with the desirable combination of earnings growth and multiple expansion.
For further details see:
1847 Goedeker's Results Prompt Optimism