May 22, 2020 – New York City, NY – The Covid-19 pandemic has left the United States retail market in tatters as consumers have been stuck at home throughout April and much of May. According to the Washington Post, nearly 40 million Americans have now filed jobless claims and the number is expected to increase further. In spite of retail layoffs and mounting jobless claims, New York City-based TBS Capital Management – a subsidiary of Strattner Financial Group – has reiterated its commitment to its financial stake in Nevada’s Merion Inc. With a number of state’s re-opening to improve the US’s economy, it is only a matter of time until the country returns to business as usual pre-Covid-19.
Merion, a company focused on providing high-quality health supplements and personal care products, is one of many companies weathering the storm of the Covid-19 pandemic. Due to the uncertainty caused by the disease, the company has been affected by the pandemic but not to the extent of other sectors and businesses in the retail industry.
In November 2019, TBS Capital Management purchased 2 million shares of Merion stock. Although Americans are experiencing a weakened economy and depressed income, TBS Capital Management still feels strongly about its investment and expects a rebound in the coming weeks and months as the Covid-19 pandemic wears on and passes.
TBS Capital Management has been extremely encouraged by a number of benchmarks which have only solidified its overall content with Merion. Total sales increased by approximately $1.429 million, or 377.0%, from approximately $379,000 in the year ending December 31, 2018 to around $1,808,000 in the year ending December 31, 2019.
The financial management group states that the cost of sales decreased by approximately $70,000, or 19.6%, from approximately $358,000 in the year ending December 31, 2018 to approximately $288,000 in the year ending December 31, 2019. Finally, the group’s product sales gross margin percentage increased from approximately 70.6% in the same 12-month period to approximately 92.3%.
TBS Capital Management’s investment in the personal care product company continues to be strong. While some naysayers in the financial sector have proclaimed Merion’s demise due to the Covid-19 pandemic reducing sales, the company’s 2018 to 2019 benchmarks should instill confidence that it will continue on despite current uncertainties.
For more information on TBS Capital Management, please visit the company’s website, https://www.tbscap.com/.
About TBS Capital Management LLC
TBS Capital Management LLC, a subsidiary of Strattner Financial Group, is a New York based investment services firm that manages multiple alternative asset classes including private equity, convertibles, credit, and hedge funds.
Company Name: TBS Capital Management (Subsidiary of Strattner Capital)
Contact Person: Media Relations
Phone: +1 (917)-675-3214
Address:7-12 Prince St. Flushing
City: New York City
State: New York, 11354
Country: United States