Aurora Financial's Austin Crites on getting comfortable with The Lovesac Company $LOVE

Austin Crites, CIO at Aurora Financial Strategies, joins the podcast to discuss his thesis on The Lovesac Company (NASDAQ: LOVE), the home furnishing and technology brand best known for its Sacs, The World's Most Comfortable Seat.

For more information about Aurora Financial Strategies, please visit: https://www.aurorafinancialstrategies.com/

Chapters:

[0:00] Introduction + Episode sponsor: Tegus

[1:35] Overview of Lovesac $LOVE and why are they so interesting to Austin

[5:44] Bear case: One product company + cheap knockoffs

[12:02] Repeat business / Crocs comparison / Reddit and TikTok Lovesac / Target customers

[21:27] Shark Ninja comparison

[26:09] Valuation / Competitive analysis (La-Z-Boy, Restoration Hardware)

[31:07] Inventory turns

[34:56] Short interest

[38:48] Management and insider ownership

[41:27] Barter revenues

[43:43] $LOVE final thoughts

Today's episode is sponsored by: Tegus

This episode is brought to you by Tegus, the future of investment research.

From the beginning, Tegus has been committed to creating efficiencies in the research process by making it easy to access the content that investors need to get to differentiated insights.

Today, they’re taking it one step further by bundling qualitative content, quantitative data, and better automation and technology together in the same platform. Instead of piecing together data from fragmented sources, just log in to Tegus to get expert research, company- and industry-specific metrics and KPIs, SEC filings, and more, all under the same license cost.

You can even take your work offline with an Excel Add-in that updates almost any model with the latest financial data — keeping all your custom formatting intact.

Tegus is the fastest way to learn about a public or private company and the only platform you’ll need for fundamental research.

To try it free today, visit Tegus.com/value