{ "symbol": "PLBY", "company": "Playboy, Inc.", "generated_at": "2026-06-24T07:36:51.731Z", "event_count": 6, "events": [ { "type": "pipeline_event", "ts": "2026-06-17T19:22:54.596Z", "stage": "scout", "outcome": "failed", "reason": null, "trigger": "[8k_recent] 1 recent 8-K(s) in last 7 days, latest filed 2026-06-17", "source": "hunter" }, { "type": "scout_dossier", "ts": "2026-06-05T08:15:12.288Z", "summary": "PLBY is a small-cap ($153M market cap) pleasure and leisure lifestyle brand company operating Playboy licensing and Honey Birdette DTC. The stock has collapsed ~52% from its 52-week high of $2.75 to last close of $1.33 despite four consecutive quarters of positive adjusted EBITDA — suggesting the market is focused on the crushing debt load ($178M total, $30M cash), persistent net losses, and lack of credible near-term re-rating catalyst rather than operational improvements. The most recent 8-K (June 3-4) confirms Nasdaq compliance was restored via appointment of an independent director — a non-event. Q1 2026 saw a surprise EPS loss (-$0.03 vs +$0.0067 est). No insider open-market purchases appear in the Form 4 filings; all recent transactions are compensation-related sales or exercises with no CEO/CFO conviction buys.", "verdict": "no_anomaly", "confidence": 4, "tool_calls": 16, "walltime_min": 19, "debug_path": "dossiers/2026-06-05-PLBY.scout.debug.json" }, { "type": "analyst_decision", "ts": "2026-05-29T07:28:46.189Z", "skip": true, "reason": "The dossier reveals a deeply distressed balance sheet, deteriorating earnings momentum, zero smart-money support, and multiple anti-signals (dilution, accounting, concentration), making it unsuitable for any trade structure.", "score": 0, "breakdown": { "smart_money": 0, "options_flow": 0, "catalyst": 0, "mispricing": 0, "quality": 0, "technical": 0 }, "debug_path": "drafts/2026-05-29-PLBY.analyst.debug.json" }, { "type": "scout_dossier", "ts": "2026-05-29T07:28:29.258Z", "summary": "The investigation trigger was a Form 4 cluster (2 filings in last 14 days), but all recent insider transactions are SALES by CEO Kohn and CFO Crossman for RSU tax-withholding — none are discretionary open-market purchases. The company is deeply distressed: negative ROE (-37%), extremely high EV/EBITDA (198x), declining stock from near $2.75 to ~$1.38, heavy debt load ($178M vs $30M cash), and consistent net losses across recent quarters. Options flow shows a 3.66 put/call ratio with bearish directional bias (-77% delta). No positive catalyst exists; Q1 2026 missed badly (-550% surprise after prior beats reversed). The China JV transaction is real but marginal in context of overall balance sheet stress. Zero smart-money buying signals present.", "verdict": "bearish_setup", "confidence": 4, "tool_calls": 19, "walltime_min": 54, "debug_path": "dossiers/2026-05-29-PLBY.scout.debug.json" }, { "type": "scout_dossier", "ts": "2026-05-22T07:51:01.813Z", "summary": "The Form 4 cluster trigger (3 filings in 14 days) turned out to be exclusively SALE transactions by three C-suite executives (CEO, CFO, General Counsel) — all executed as tax-withholding settlements for RSU vesting. Zero open-market purchases from any insider. Q1 FY2026 earnings reported a -$0.03 EPS miss vs +$0.00667 estimate on May 11, 2026; stock subsequently crashed ~20% over the next two weeks to near 52-week lows at $1.29. The business carries $178M in debt against only $150M market cap (debt/equity: 522%), is marginally EBITDA-positive but unprofitable on a net income basis, and shows no clear mispricing catalyst. The China JV closing ($15M partial) announced March 23 was already priced in by early February. Options flow is heavily put-biased (put/call ratio 41.9). Technical picture is bearish: below both the 50DMA ($1.64) and 200DMA, RSI ~30-35. No open-market insider buy cluster exists to support a long thesis.", "verdict": "no_anomaly", "confidence": 5, "tool_calls": 19, "walltime_min": 15, "debug_path": "dossiers/2026-05-22-PLBY.scout.debug.json" }, { "type": "scout_dossier", "ts": "2026-05-15T11:31:32.117Z", "summary": "The investigation was triggered by a cluster of Form 4 filings and a recent 8-K, but upon full examination the Form 4 activity consists entirely of three C-suite executives (CEO Ben Kohn, CFO Marc Crossman, Gen Counsel Chris Riley) selling shares to cover tax withholding obligations upon RSU settlement — not open-market conviction purchases. The May 11 Q1 2026 earnings 8-K revealed a surprise loss ($0.03 actual vs $0.0067 estimate). Valuation metrics are stretched (forward P/E ~35x, EV/EBITDA ~200x) for a company with negative ROE and high leverage. No smart-money cluster signal exists when the transactions are code S rather than code P.", "verdict": "no_anomaly", "confidence": 4, "tool_calls": 19, "walltime_min": 22, "debug_path": "dossiers/2026-05-15-PLBY.scout.debug.json" } ], "lessons": [], "chart_signal": { "ticker": "PLBY", "call": "SELL", "confidence": 2, "score": -4, "factors": { "below_200dma": "-2", "below_50dma": "-1", "momentum_down": "-1 (-16.2%)", "rsi_neutral": "0 (55.8)", "macd_above_signal": "+1", "recent_macd_bullish_cross": "+1 (15d ago)", "broken_below_high": "-2 (-44.6% from high)" }, "summary": "SELL (score -4) · 12-1 mom -16.2% · RSI 55.8 · below_both · -44.6% from high", "last_close": 1.5, "one_month_ago_close": 1.29, "twelve_month_ago_close": 1.54, "twelve_one_momentum_pct": -16.23, "rsi_14": 55.8, "ma_stack": "below_both", "from_period_high_pct": -44.65, "period_high": 2.71, "price_targets": { "bear": 1.5, "fair": 1.95, "bull": 4, "bear_return_pct": 0, "fair_return_pct": 30.3, "bull_return_pct": 166.7, "method": "street_targets ⨯ chart_floors", "street": { "target_low": 1.5, "target_mean": 2.83333, "target_high": 4, "analyst_count": 3 } }, "generated_at": "2026-06-24T07:36:51.727Z" } }