The Children's Place, Inc. PLCE

With the right management this will achieve 1.7B$ sales with 10% EBITDA in 2025. This is 70-80$ per share in 2 years. Saudis are not stupid they know they can monetize the potential!

50% of their business cards a online.

The issues they have are all manageable and easy to solve in 9-12 months. Main issues is get the liquidity they need which looks like they have now with the new owners and get new CEO/CFO.

The real question is why they are delaying the Q4 ER? Many investors are rightfully worried that something bad is happening.

I think it may also bring good news such as:

1. The Gordon brothers deal?
2. New management?
3. Restructuring plan?
4. New bank deal?
5. Mithaq issue tender to buy 100% of the shares and de-list?

The Q4 results were published in the profit warning issued back in January so that is old news.

All the above or some of them will be considered good news and the stock will react accordingly.

To J Helton - as I wrote before the cash loss during the year and Q4 have eaten some of the availability. When you lose money (in cash) you need to fund it either from new loans or by using your current ABL availability.
This is why Mithaq infused $78 million of which $28 million will be used to increase availability and the remainder to repay the term loan.

Public holding is less than $75 million therefore they are non accelerated filer.
April 26 is the last date.
I am sure they will release before the last day.

Their fiscal year is ending Saturday 27/1, 2024 plus 90 days is April 26, the last date to report.

They did reduce their debt by $131 million (from $408 to $277 million) during Q4 however the losses have eaten some of their availability because you need to finance the cash lose and they only have $50 million term loan and the ABL facility and both did not change during Q4.

Do the math. If you do a BK simulation the value of the net assets is higher than 24$ a share including the intangibles.
It is not going to BK.
Only brave investor will buy now.

Buyers at this level are going to make a lot of money.