- 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.
For further details see:
XpresSpa Group Stock Forecast: What To Think About After 2020 Q4 Earnings