Added to YB: 2024-09-06
Pitch date: 2024-09-05
FTEL [bearish]
Fitell Corporation
+99.65%
current return
Author Info
Bleecker Street Research is an activist short-seller exposing overvalued stocks. Sign up for the newsletter.
Company Info
Fitell Corporation, through its subsidiary, GD Wellness Pty Ltd, operates as an online retailer of gym and fitness equipment for personal training studios and commercial gyms chains in Australia and Southeast Asia.
Market Cap
$54.1M
Pitch Price
$202.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.57
P/E
-4.05
EV/Sales
11.95
Sector
Specialty Retail
Category
special_situation
Fitell (FTEL): No Pump In This Gym Equipment Reseller
FTEL short: $300M mkt cap on $5M TTM rev. 57% owner tied to delisted HZL scam. $2M loan to dissolved entity. Shares WeChat/WhatsApp promo groups with BYU (-78% 2d). Auditor 100% deficient, quitting. Ties to MDVP pump&dump. Flying Height investor link to BYU (-80% 2d). Expect substantial decline.
Read full article (4 min)