Share price rebounded by 400%
This is the story of how I missed out on a 4x bagger in less than 18 months; all because of uncomfortable undies.
In July of 2023, I posted this on Linkedin…
Just 18 months later, the share price went on a tear!
So what happened?
EBITDA margins lifted 3% through cost discipline, and the business was still able to grow revenues by 30%. In other words – it transitioned from unprofitable growth to profitable growth.
In this financial teardown, I’m going to break down:
- What the business does
- What happened to the stock price
- Why I didn’t invest
- The bull case
What is Step One?
Step One is a sports-focused underwear brand.
It was founded by this guy…
