Picked up some $PLBY and $POSH today. @eggplant has done a great job explaining the $PLBY. IMO nice steady cash cow in licensing + high growth in eCommerce tx to iconic brand + optionality of OnlyFans alternative.

$POSH is around $1.2B in market cap with around $600M cash. Assuming that's right (please correct me if wrong) that's EV of $600M for $200Mish gross margin business that's nicely growing and has cultural tailwinds of sustainability and economic tailwinds of 'cheap'.

Just nibbling though. Will study at least 1 more earnings call in detail before initiating a larger position.