At this year’s Sohn San Francisco Investment Conference, Jeffrey B. Osher, the founder of No Street Capital, pitched mattress business Purple Innovation Inc as his favorite stock.
Q2 2020 hedge fund letters, conferences and more
Osher founded No Street in 2018. Before that, he was a portfolio manager at Harvest Capital Strategies from 2005 to 2018 and an analyst from 2002 to 2005.
Osher told the audience at Sohn that he believes Purple is a “legitimate compounder with an open-ended growth story.”
Utah-based Purple became the first publicly traded mattress startup when it completed a reverse merger with a SPAC in 2018. Launched in 2016, Purple was founded by Tony and...
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