Published on 22 Jun 2022 on Insider Monkey via Yahoo Finance

Is Goedeker (GOED) a Smart Long-Term Investment?

Artko Capital, an asset management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. For the first calendar quarter of 2022, an average partnership interest in Artko Capital LP was down 11.4% net of fees. At the same time, investments in the most comparable market indexes—Russell 2000, Russell Microcap, and the S&P 500—were down 7.5%, 7.6%, and 4.6% respectively. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Artko Capital mentioned  1847 Goedeker Inc. (NYSE:GOED) and explained its insights for the company. Founded in 1951, 1847 Goedeker Inc. (NYSE:GOED) is a Missouri-based online retail company with a $129.7 million market capitalization. 1847 Goedeker Inc. (NYSE:GOED) delivered a -49.17% return since the beginning of the year, while its 12-month returns are down by -63.36%. The stock closed at $1.22 per share on June 20, 2022.

Here is what Artko Capital has to say about 1847 Goedeker Inc. (NYSE:GOED) in its Q1 2022 investor letter: