REAL Therealreal Inc

$REAL William Blair thinks shares of TheRealReal ($ REAL) are poised to outperform over the next three months. The firm added the online marketplace stock to its Analyst Conviction List. Analyst Dylan Carden pointed to the debt refinancing in early October and the third- quarter earnings reports in mid-November as events that are likely to stand out. "Third-quarter earnings will also mark the lapping of an accelerated growth pace that took hold in the second half of last year. Getting past that print while maintaining low-teens growth will go a longer way to assuaging deceleration concerns, in our view. Following our more recent tour of the company’s distribution facility, we believe it remains well positioned to keep driving efficiencies across its business..." In terms of valuation, $ REAL is seen having room to rally with it trading at 14X William Blair's 2027 EBITDA estimate. Carden and his team see the capacity for REAL to grow earnings fivefold over the next three years

$REAL The RealReal, the online luxury-resale marketplace, is replacing its 13% all-in 2029 secured notes (8.75% cash plus 4.25% paid in new notes) with a $150M Fortress term loan at SOFR+5.75%, all cash, due Oct 2033. It sees ~$4M less interest expense in year one, ~6% of its $66-69M 2026 Adjusted EBITDA guide; June 30 notes, converts included: $375.8M net vs $119.1M cash. Catch: interest is now all cash, and the loan comes due early if over $25M of 2031 converts remain 91 days before they mature. Redemption at par expected ~Oct 19; Q3 call Oct 29.

$REAL really don't understand why this is around 8.80 now. although the bottom seems to be in

$REAL "Refinancing likely. REAL's 4.25%/8.75% PIK/cash senior secured notes due 2029 become callable at par on October 1 (TODAY) The principal value of the notes was $146.9MM as of June 30, 2026. We expect REAL to likely refinance these notes as soon as practicable, although management was noncommittal as to the structure of any new financing it would undertake to pay off the 2029 notes." -- BTIG This might happen with Q3 earnings given the volatility of bond market. Or potentially in 4 months till February report. Cost of capital should go down 5% and up to $50M should be eliminated from debt. If my numbers are even close, that will save $10M in interest a year. They will be cash flow positive $60M next year, so I expect something they can pay down. In 2028 they will pay off the remaining 1% debt ( under $50M). So in next 2.5 years, expect them to eliminate $100M in debt min and save $25M in interest over that period. The rest of their debt will be convertible (and not until 2031).

$REAL is there anyone who could explain to me the reason of that fuck......... quotation? the company is doing well and is on the way to reach profitably very soon. the news store show us that are working properly and making money. so why we are dropping day by day?

$REAL Five ideas for Muse x TRR. MyCloset: Muse reads receipts and old orders, drops items into MyCloset with a live resale estimate What’s this worth: Any photo or brand+style question in Muse returns a TRR estimate and a one-tap consign path Event dressing: Wedding, gala, interview in the calendar and Muse pulls 3 authenticated looks Store + appointment concierge: “Book SoHo Saturday, bring the two jackets and the watch.” Alerts: send you a message if price drops or similar item appears (looking for specific bag or style)

$REAL Daily. Strong retail sales but can't outrun inflation in real terms. The RealReal, a secondhand & consignment luxury retailer, leading the sector seems apropos. Messy charts abound

$REAL was at the store. Was not much selection and they were giving out drinks and macaroons