Economic Overview - The US economy showed resilience in Q3 2025, with growth surpassing expectations due to high-end consumer spending and significant investments in artificial intelligence [1] - Softening labor markets may lead to potential cuts in short-term interest rates later this year [1] White Brook Capital's Performance - The Small Cap Absolute Growth Strategy model portfolio performed well in its first year, exceeding expectations [1] - Value-oriented stocks are underperforming, while the All-Cap Portfolio has shifted to growth companies but remains overweight in value, resulting in disappointing performance [1] Tile Shop Holdings, Inc. (NASDAQ:TTSH) Insights - Tile Shop Holdings, Inc. is a specialty retailer of man-made and natural stone tiles, with a one-month return of 4.49% and a 52-week loss of 3.98% [2] - As of December 04, 2025, Tile Shop's stock closed at $6.52 per share, with a market capitalization of $291.845 million [2] Delisting Proposal - Tile Shop proposed delisting its shares at a price higher than the quarter-end close, citing that the company is not receiving adequate credit for its assets as a public entity [3] - The company agrees with the rationale but believes the proposed price is significantly below its intrinsic value, indicating a need for increased home building and renovation activity to realize that value [3] - The company sold into the news and hopes to re-enter if the delisting maneuver is unsuccessful [3] Hedge Fund Interest - Tile Shop Holdings is not among the 30 Most Popular Stocks Among Hedge Funds, with 5 hedge fund portfolios holding the stock at the end of Q3, unchanged from the previous quarter [4] - While acknowledging Tile Shop's potential, the company believes certain AI stocks offer greater upside potential and less downside risk [4]

Core Viewpoint - Tile Shop Holdings, Inc. has announced a reverse stock split followed by a forward stock split as part of its strategy to delist from Nasdaq and deregister its common stock to reduce costs and focus on long-term growth [1][4]. Stock Splits - The stockholders approved a reverse stock split at a ratio of 1-for-3,000, followed immediately by a 3,000-for-1 forward stock split [2]. - Stockholders with fewer than 3,000 shares will receive $6.60 in cash for each whole share held, while those with more than 3,000 shares will not receive cash for fractional shares [3]. - The forward stock split will restore the number of shares held by continuing stockholders to the same level as before the reverse stock split [3]. Delisting and Deregistration - The company is pursuing delisting from Nasdaq and deregistration to avoid substantial costs associated with being a public reporting company, anticipating annual savings exceeding $2.4 million [4]. - This move is intended to allow the company to focus on managing its business and pursuing new initiatives for long-term growth and increased stockholder value [4]. Company Overview - Tile Shop is a leading specialty retailer in the U.S. for natural stone, man-made and luxury vinyl tiles, and related materials, operating 140 stores across 31 states and the District of Columbia [6]. - The company is recognized for its high-quality products, exclusive designs, and exceptional customer service [6].

Core Points - Tile Shop Holdings, Inc. will release its financial results for Q3 2025 on November 4, 2025, after market close [1] - The Company will not host a conference call following the earnings release [1] - The Company utilizes its website for disclosing material non-public information in compliance with Regulation FD [2] Company Overview - Tile Shop is a leading specialty retailer in the U.S. for natural stone, man-made and luxury vinyl tiles, as well as related materials and accessories [3] - The Company operates 140 stores across 31 states and the District of Columbia [3] - Tile Shop is a member of several industry associations, including ASID, NAHB, NKBA, and NTCA [4]

Core Viewpoint - Tile Shop Holdings, Inc. plans to delist its shares from Nasdaq and suspend its reporting obligations to the SEC to reduce costs and focus on long-term shareholder value [1][2][4]. Delisting and Deregistration Plan - The Independent Transaction Committee has recommended and the Board has approved a plan to delist shares, suspend periodic reporting, and terminate registration under federal securities laws after a proposed reverse stock split [1][4]. - The anticipated savings from this plan are approximately $2.4 million annually [2]. Reverse Stock Split Details - The proposed reverse stock split will be at a ratio between 1-for-2,000 and 1-for-4,000, with fractional shares being cashed out at $6.60 per share, which is a premium over the closing price on October 2, 2025 [3]. - Stockholders with more shares than the split ratio will remain shareholders, and their number of shares will be unchanged post-transaction [3][4]. Board's Rationale - The Board unanimously believes the transaction is in the best interests of the Company and its stockholders, as the Company incurs significant costs without realizing the benefits of public company status [4][5]. - The reverse stock split aims to reduce the number of record holders below 300, thus eliminating SEC public reporting obligations, and to provide liquidity to smaller stockholders [4][5]. Future Steps - The Company expects to hold a Special Meeting in December 2025 for stockholder approval of the proposed transaction [6]. - Following stockholder approval, the Company plans to delist its common stock and cease SEC filings shortly thereafter [7].

Core Viewpoint - Tile Shop Holdings, Inc. is set to release its financial results for the second quarter ended June 30, 2025, on August 7, 2025, at 7:00 a.m. Eastern Time [1] Group 1: Financial Results Announcement - The Company will host a conference call via webcast for investors on August 7, 2025, at 9:00 a.m. Eastern Time, featuring the CEO, CFO, and Investor Relations [2] - A webcast of the call will be accessible on the Company's Investor Relations page, with a replay available afterward [3] Group 2: Company Overview - Tile Shop is a specialty retailer in the U.S. offering natural stone tiles, man-made and luxury vinyl tiles, and related accessories, operating 140 stores across 31 states and the District of Columbia [5] - The Company emphasizes high-quality products, exclusive designs, knowledgeable staff, and exceptional customer service in its extensive showrooms [5] Group 3: Disclosure Practices - The Company plans to use its website for disclosing material non-public information and complying with Regulation FD, encouraging investors to monitor its website for updates [4]

Core Viewpoint - Tile Shop Holdings, Inc. is set to release its financial results for the first quarter ended March 31, 2025, on May 8, 2025, at 7:00 a.m. Eastern Time [1] Group 1: Financial Results Announcement - The Company will host a conference call via webcast for investors on May 8, 2025, at 9:00 a.m. Eastern Time [2] - The call will be led by the CEO, CFO, and Investor Relations [2] - A webcast replay will be available on the Company's Investor Relations page [3] Group 2: Disclosure Practices - The Company plans to use its website for disclosing material non-public information in compliance with Regulation FD [4] - Investors are encouraged to monitor the Company's website for updates, press releases, and SEC filings [4] Group 3: Company Overview - Tile Shop is a specialty retailer of natural stone tiles, man-made and luxury vinyl tiles, and related accessories in the U.S. [5] - The Company operates 142 stores across 31 states and the District of Columbia [5] - Tile Shop is affiliated with several industry organizations, including ASID, NAHB, NKBA, and NTCA [6]