Published on 23 Aug 2022 on Insider Monkey via Yahoo Finance
Kingdom Capital Advisor: “Polished.com (POL)’s Stock Price is Floundering Despite Strong Execution”
Investment management company Kingdom Capital Advisor released its second quarter, 2022 investor letter recently. A copy of the same can be downloaded here. At the end of the second quarter, the fund returned -11.32% net of fees compared to -16% for the S&P Index and -17% for the Russell Index. Year-to-date, the fund returned 16.9% net of fees. Kingdom Capital is always focused on identifying the opportunities in undervalued small-cap stocks. For more information on the fund’s top picks in 2022, please check its top five holdings.
Kingdom Capital Advisor mentioned Polished.com Inc. (NYSE:POL) in the letter and discussed its views about the company. In July 2022, 1847 Goedeker Inc. rebranded under its new name Polished and got the new ticker "POL." Headquartered in Brooklyn, New York, Polished.com Inc. (NYSE:POL) is a US-based e-commerce platform and has a market capitalization of $103.263 million. Polished.com Inc. (NYSE:POL) stock closed at $0.9700 per share on August 16, 2022. One-month return of Polished.com Inc. (NYSE:POL) was -20.49%, while its shares lost 60.41% of their value over the last 52 weeks.
Here's what Kingdom Capital Advisor specifically said about Polished.com Inc. (NYSE:POL) in its Q2 2022 investor letter: