Have you looked into $BFX? They are down even worse. I believe they have no debt. They own several good brands: Bowflex, Schwinn, and JRNY. It has a market cap of $26 million. I believe there is value there as well.
Not necessarily, as they’re not forced to liquidate due to their low debt. However, they may consider selling some of the brands. They could be a better candidate for M&A as they are much cheaper and offer superior products with their Schwin and Bowflex brands. For instance, JRNY (Their Peloton’s subscription competition has over 600k subscribers) was a $30 stock in 2021; now it’s trading for $0.80.
Have you looked into $BFX? They are down even worse. I believe they have no debt. They own several good brands: Bowflex, Schwinn, and JRNY. It has a market cap of $26 million. I believe there is value there as well.
I haven't but do you mean as a liquidation perspective?
Not necessarily, as they’re not forced to liquidate due to their low debt. However, they may consider selling some of the brands. They could be a better candidate for M&A as they are much cheaper and offer superior products with their Schwin and Bowflex brands. For instance, JRNY (Their Peloton’s subscription competition has over 600k subscribers) was a $30 stock in 2021; now it’s trading for $0.80.
I’ve seen that. Happy I’ve stayed away lol
$BFX just filed for bankruptcy
But why? Even the search results over time for Bowflex are very muted. The brand might be worth "something" but not if growth can't be invigorated