Apr. 8 at 6:02 PM
$XPOF
The most obvious asymmetric setup I've seen in a while
Board just launched a formal strategic review to sell the company. Jefferies hired. 3 board members out. This isn't activist noise anymore — it's a real process.
Current market cap:
$360M Club Pilates alone (1,414 studios,
$102M standalone EBITDA): worth
$1.2B+ privately
You're buying a billion dollar asset for
$360M. That gap closes one way or another.
The math at
$7.38: Conservative takeout →
$13-15 (+75-100%) Base case →
$15-17 (+100-130%) Strategic buyer →
$18-22 (+140-200%)
The kicker: 23% short interest. When this deal accelerates, shorts get squeezed on top of the fundamental move. This thing could move violently in the right direction.
Two activist funds already own 23% of the float and are publicly screaming for a sale. SEC investigation already closed with no action. Board is aligned.
Downside is
$6 if the process falls apart. Upside is a 2-3x. That's the trade.
$XPOF 🎯
