THEY WROTE
“Over the last 12 months, Savers Value Village has generated $1.5 billion in sales, a staggering figure for a thrift store business.”
THE TRUTH
They aren't a single thrift store, but a company of over 300 of them. They were literally bought by a hedge fund this year. They have gotten rid of fitting rooms in a ton of their stores. They are the subject of many current scandals and potential class action lawsuits. You can't compare their past to their future.
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THEY WROTE
“SVV’s IPO was well-timed in a high interest, inflationary environment that continues to impact consumer spending.”
THE TRUTH
Of course it was well-timed! It was bought by ARES, one of the most notorious hedge funds, not for being thrift kings, but for being a hedge fund that does your typical hedge fund bull.
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THEY WROTE
“The company's association with sustainability is likely to earn it a spot in more and more mutual funds and ETFs.”
THE TRUTH
The company literally pays poor organizations for goods that were donated to them. Then, they resell it all for profit. What makes them any different from an eBay reseller on steroids?
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