AwesomeStocks Donât want emails from us anymore? Click [here]( to unsubscribe. Hello! New Alert: 1847 Holdings LLC (NYSE American: EFSH) EFSH is our new NYSE high volatility alert. EFSH has a history of experiencing significant upside in a short period of time and a chart setup suggesting the potential for increased gains. EFSH announced multiple breaking developments recently that could be growth catalysts for the company including breaking news this morning. EFSH is a NYSE listed âpublicly traded diversified acquisition holding companyâ. EFSH was âfounded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investorsâ. The companyâs âinvestment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their businessâ. Given this dynamic, EFSH can âconsistently acquire businesses it views as "solid" for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operationsâ. As the company further explains: âThese improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings' ability to pay regular and special dividends to shareholders.â In addition, EFSH has announced multiple accomplishments just in the past few weeks. In April, the company announced: â1847 Reports 59.2% Increase in Revenue to $15.1 Million for the Fourth Quarter of 2023â Here are some of the companyâs comments from this press release: âMr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "2023 marked a significant turning point for our company. I am pleased to report we achieved record annual revenue of $68.7 million for the year ended December 31, 2023, with gross profit increasing by 50% over the year ended December 31, 2022. Notably, our fourth quarter revenues for 2023 increased by 59.2%, complemented by a 99.8% increase in gross profit compared to the same period in the previous year. This exceptional performance is a testament to the robustness of our platform and our adeptness in fostering the growth and profitability of our portfolio companies. A prime example of this is our acquisition of ICU Eyewear in February 2023, a highly lucrative venture, at a purchase price of less than three times EBITDA. This addition to 1847 served as a key catalyst for revenue growth, improved margins, and overall profitability gains in 2023."â In addition, the company also announced: - â1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Millionâ Subsequently, the company announced: â1847 Provides Update on the Sale of 1847 Cabinets Inc.â Here are some of the companyâs comments from this press release: âMr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "We are pleased with the progress we have made advancing this transaction. Currently, the proposed acquisition is undergoing confirmatory due diligence and negotiation of a definitive purchase agreement, both of which are progressing according to plan. As a result, we currently anticipate the closing to take place within 90 days. Given the purchase price, our intention is to utilize the cash proceeds to repay senior secured debt and other liabilities, allocate funds for working capital and future acquisitions, as well as potentially initiate a share repurchase program. This sale represents an important strategic move for 1847, one that validates our ability to purchase, operate and enhance the value of assets and then reach a sale, of which will significantly enhance our financial position, enabling us to reallocate resources strategically and capitalize on emerging opportunities within our portfolio and beyond, with a long-term focus on maximizing value for shareholders."â Furthermore: â"While this sale marks a significant milestone, it's just one aspect of our broader strategy aimed at optimizing asset allocation and enhancing overall shareholder returns. The proposed transaction highlights what we believe is the considerable undervaluation of the Company relative to the intrinsic value of our portfolio companies. The acquisition price underscores the inherent value and potential of 1847 Cabinets, as it is priced at a substantial premium compared to the current market valuation for the entire company," concluded Mr. Roberts.â In May, the company announced: â1847 Reports 15.0% Increase in Revenue to $14.9 Million for the First Quarter of 2024â Here are the companyâs âQ1 2024 Key Highlightsâ - âTotal Revenue was $14.9M in Q1 2024 compared to $13.0M in Q1 2023, a 15.0% year-over-year increaseâ
- âGross profit was $5.6M in Q1 2024 compared to $4.9M in Q1 2023, a 13.3% year-over-year increaseâ
- âExecuted Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Millionâ
- âExecuted non-binding LOI to acquire a large, established millwork, cabinetry and door manufacturer based in Las Vegas, NV with revenues of $28.6 million, with a purchase price of $16.75 million which represents approximately 3.2x 2023 EBITDAâ
- âAnnounced ICU Eyewear subsidiary diversified manufacturing to reduce production costs and fortify supply chainâ
- âAnnounced ICU Eyewear subsidiary's strategic expansion of partnerships, adding 300 new locations with leading US retailerâ
- âCompleted refinancing and upsizing of $15 million revolving credit facility for ICU Eyewear subsidiaryâ
- âExpanded Wolo Manufacturing Corp subsidiary into India through supply chain diversification programâ
- âRestructured promissory notes to non-dilutive debt instrumentsâ
- âDivested Asien's Appliance business, significantly enhancing balance sheetâ Most recently, the company announced: â1847 Provides Update on Pending Strategic Transactions Expected to Increase Cashflow, Strengthen Balance Sheet, and Enhance Capital Structureâ Here are some of the companyâs comments from this press release: âEllery W. Roberts, CEO of 1847 Holdings, commented, "Following a strong first quarter, in which we achieved solid revenue growth and successfully divested Asien's Appliance, I am pleased to report we are making continued progress on a series of additional strategic initiatives expected to significantly enhance shareholder value. As an example, we are rapidly advancing towards finalizing our definitive agreement to acquire a prominent millwork, cabinetry, and door manufacturer, which generated very significant EBITDA in 2023. Through the combination of this and other planned activities, we expect to significantly lower our leverage ratio via an increase in net EBITDA relative to outstanding debt. In turn, we plan to accelerate our repayment of debt, extend the duration of remaining indebtedness, as well as eliminate any equity-linked aspects of repayment. As a result, we expect 1847 will be in a stronger financial position, generating meaningful cash flow with an enhanced balance sheet and capital structure. We expect to complete the outstanding transactions in the near term and look forward to providing updates as developments unfold."â In addition, just this morning, the company announced breaking news: - â1847 Provides Reports Continued Progress on Pending Strategic Transactionsâ Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [Website]( [Chart]( Happy Trading! 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