Kohn talked about "our confidence in our reimagined Playboy brand" and the "great opportunity to create long-term, sustainable value for our shareholders."
As of Nov. 9, when the Q3 10-Q was filed, PLBY had not repurchased a single share. The repurchase program was announced almost six months earlier, and PLBY has been ~halved since the close before that announcement (the stock actually rose 14.5%).
This feels like a microcosm of what PLBY has been post-merger. As they say in Texas, all hat and no cattle.
One important point I forgot to mention on PLBY...in May they did the whole "announce a stock buyback to goose the stock" trick:
https://finance.yahoo.com/news/plby-group-announces-common-stock-123000764.html
Kohn talked about "our confidence in our reimagined Playboy brand" and the "great opportunity to create long-term, sustainable value for our shareholders."
As of Nov. 9, when the Q3 10-Q was filed, PLBY had not repurchased a single share. The repurchase program was announced almost six months earlier, and PLBY has been ~halved since the close before that announcement (the stock actually rose 14.5%).
This feels like a microcosm of what PLBY has been post-merger. As they say in Texas, all hat and no cattle.