Savers - Value Village IPO

[The_Krakenite]

Shares sold for the first time on the NYSE this week. I've been waiting for a long time for this. Unfortunately, I'm not sure how much longer we'll have to wait for options to be listed.

I've been shopping at their stores a LOT (every week) to check out the investing/business category in their books section. Which has made quite some large asset additions to my office library. I also like to check out some of their vintage stuff, etc.

I can tell you one thing, they are the top in their field for a reason. Even with better deals at GoodWill, or possibly Salvation Army, the top-growing thrift chain is SVV. Even if a great depression continues in the Western world, this store will be a great defensive stock to hold.

Note:

Generally, my rule is to never buy shares at IPO prices, as statistically, they drop after a number of weeks, though I may violate this one and buy a single-lot for now.

 

[zdreg]

Why are they better than Barnes and Noble?

 

[The_Krakenite]

I never shop at Barnes & Noble anymore. But you have me curious to run the numbers on their statements.

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As for CEO Mark Walsh, I see he got a bit evasive when Faber asked him what is ARES' plan on selling shares over time. Naturally, Faber pushed him to answer again, and flat-out mentioned shareholders of SVV are not going to want to be dumped on. Again, no definite response from Walsh. LOL! Not the best of signs...

 

[nitrene]

I never shop at Barnes & Noble anymore. But you have me curious to run the numbers on their statements.

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As for CEO Mark Walsh, I see he got a bit evasive when Faber asked him what is ARES' plan on selling shares over time. Naturally, Faber pushed him to answer again, and flat-out mentioned shareholders of SVV are not going to want to be dumped on. Again, no definite response from Walsh. LOL! Not the best of signs...

Just another scammer on CNBC doing interviews but never answering any questions. The worst are when CNBC interviews politicians -- their lips move but they never say anything but cliches. Remember when the Theranos scammer was doing an interview with Cramer. He was talking to her like she knew anything about Microbiology. Hillarious. I remember when I used to use Yahoo! Finance forums and someone there termed the word Bubblevision for CNBC. That was very accurate and that was during the Lehman collapse.

 

[The_Krakenite]

Remember when the Theranos-

Ahh, out of curiosity I had to do some nostalgic backtracking...

I still see the old adverts when looking her up, people making this huge BFD because the CEO was a female billionaire, as though that means anything. I guess it does if you're some virgin and an investor who spent their life holding up every woman on a pedestal like some simping white-knight.

Every one of them who invested with her deserved to be taken advantage of. Including the employees who worked there after some of the stuff I've heard them say. And to make it worse... this is the kind of shit that gets indexed into the woke ESG bubble.

The most interesting fact, is not a single man on her board knew anything on science/medicine, but would eat out of the palm of her hand on every word. And the ONE time a potential candidate who had some understanding questioned her on the first red flag, she shit-canned him immediately. Expected response from a fraud.