LOVE → $40.00 by Sep 13, 2029.

**Part 1: (October 2025) https://www.reddit.com/r/ValueInvesting/s/3jKfBm9Ocw** **Part 2: (January 2026) https://www.reddit.com/r/ValueInvesting/s/dSdi1rtlhz** **—-AI summary of pt1&2—-** **Summary of the Lovesac thesis** **Core business (as of Oct 2025)** Lovesac is a modular furniture company with \~$600M+ revenue, \~60% gross margins, and a $209M market cap. It carries no traditional debt (mainly showroom leases in premium locations) and typically holds \~$80M in cash. The product is highly sticky: lifetime frame warranty, long cushion/cover warranties, easy to reconfigure/move, and strong repeat purchasing as customers expand …