Supermogul Kathy Ireland Compliments RedChip CEO Dave Gentry

RedChip President and CEO Dave Gentry with supermodel turned supermogul Kathy Ireland, Las Vegas, May 2018.

May. 31, 2018 12:00 pm


Supermodel turned supermogul Kathy Ireland is a big fan of RedChip and RedChip CEO Dave Gentry.

“Please follow Dave Gentry's company @RedChip,” Kathy tweeted June 7, 2018. “Am delighted to be following and learning from Dave, a truly wise and gentle man. Here's to growing business and more importantly, friendship.”

Kathy is the largest shareholder in Level Brands (NYSE American: LEVB), a branding and licensing company that she helped form and take public in November 2017. Her company kathy ireland® Worldwide is a $2.5 billion brand (Forbes), making kiWW the 27th-largest licensing brand in the world (License Global magazine). Kathy is striving to turn Level Brands into another billion-dollar brand.

Level Brands earned $1.36 million in 2Q18, and the earnings trend is expected to continue. The company has net margins of 60%, zero debt, and plenty of cash. If the company can continue earning 17 cents a share per quarter, and if it trades at a p/e of 20x, then it could be a $15 stock, Dave said.

On May 30 Dave and Kathy met up at Licensing Expo in Las Vegas. Dave came away convinced Level Brands will attain Kathy’s lofty goals. “Given her extraordinary business acumen and success in building kathy ireland® Worldwide, I wouldn’t bet against her,” Dave said. “In my opinion, at current price levels, Level Brands represents a very good buying opportunity for savvy investors.”

Disclosure: Level Brands (NYSE American: LEVB) is a client of RedChip Companies. LEVB agreed to pay RedChip a monthly cash fee and 5,000 shares of Rule 144 stock for four months of RedChip investor awareness services.


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