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Posted by
Two Blokes Apr 29 -
Filed in
Stock
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Envela Corporation, formerly Canyon State Mining, has evolved into a re-commerce leader, operating in both consumer and commercial segments, with a focus on luxury items and asset disposition. The second-hand luxury goods market, valued at $8.1 billion in 2024, is growing due to sustainability trends and rising retail prices from tariffs. Envela's projected revenue growth of 5.4% and EPS increase of 23% in FY 2025, coupled with low debt, justifies a 'Buy' rating with a PT of $8-$8.50.
