Industry stocks fell alongside the broader market on fears that the effects of the pandemic will last longer than hoped.

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of OneSpaWorld Holdings...

Before we begin, I'd like to remind you that certain statements and information made available on today's call and webcast may be deemed to constitute forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. For a more thorough discussions of the risks and uncertainties associated with the forward-looking statements to be made in this conference call and webcast, we refer you to the disclaimer regarding forward-looking statements that is included in our first-quarter 2020 earnings release, which was furnished to the SEC today on Form 8-K.

Shares of OneSpaWorld Holdings (NASDAQ:OSW) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 114.29% year over year to ($0.02), which missed the estimate of $0.05.Revenue of $114,307,000 lower by 16.85% from the same period last year, which missed the estimate of $120,430,000.Looking Ahead OneSpaWorld Holdings hasn't issued any earnings guidance for the time being.OneSpaWorld Holdings hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 13, 2020View more earnings on OSWTime: 08:08 PM ETWebcast URL: http://public.viavid.com/player/index.php?id=139537Technicals 52-week high: $17.25Company's 52-week low was at $2.45Price action over last quarter: down 55.33%Company Description OneSpaWorld Holdings Ltd is an operator of health and wellness centers onboard cruise ships and operator of health and wellness centers at destination resorts worldwide. It offers a suite of premium health, fitness, beauty and wellness services and products. The services provided by the company include body, salon, and skincare services and products, fitness classes and personal fitness training and pain management, detoxifying programs and comprehensive body composition analyses among others. The company has only one single segment of Maritime and Destination Resorts.See more from Benzinga * Recap: Ituran Location & Control Q1 Earnings * Recap: Veru Q2 Earnings * Recap: Harvest Capital Credit Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

OneSpaWorld Holdings Limited (NASDAQ: OSW), the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, today sent a letter to shareholders urging a vote "FOR" the previously announced $75 million equity financing at the Company’s upcoming Annual Meeting currently expected to be held on June 10, 2020.

Firm releases 1st-quarter portfolio Continue reading...

OneSpaWorld Holdings Limited (NASDAQ: OSW) ("OneSpaWorld," or the "Company"), the pre-eminent global provider of health and wellness services and products on-board cruise ships and in destination resorts around the world, today announced actions approved by its Board of Directors in response to the COVID-19 pandemic.

Haymaker Acquisition Corp (OSW) delivered earnings and revenue surprises of -140.00% and -4.00%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

OneSpaWorld Holdings Limited (NASDAQ: OSW) ("OneSpaWorld," "OSW", or the "Company"), the preeminent global provider of health and wellness services and products on-board cruise ships and in premium destination resorts around the world, today announced a definitive agreement to sell $75 million in common equity and warrants to Steiner Leisure Limited ("SLL") and its affiliates and other investors, including certain funds advised by Neuberger Berman Investment Advisers LLC and members of OSW management and its Board of Directors. In 2015, an L Catterton-led investor group acquired the OneSpaWorld business when it closed on the take-private of SLL. L Catterton is the largest and most global consumer-focused private equity firm in the world and its experience in the consumer sector was instrumental in developing the platform for OneSpaWorld to emerge as a public company in March 2019 and as the undisputed leader in the operation of Health and Wellness centers at sea.

Haymaker Acquisition Corp. (OSW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

OneSpaWorld Holdings Limited (NASDAQ: OSW) ("OneSpaWorld," or the "Company"), the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, today announced its financial results for the first quarter ended March 31, 2020. The Company’s first quarter performance was materially impacted by the global response to the COVID-19 pandemic, including actions taken by cruise lines and governmental authorities around the world. These actions include the U.S. Centers for Disease Control and Prevention ("CDC") No Sail Order issued on March 14, 2020 and extended on April 9, 2020 to continue until the earliest of: (i) the expiration of the Secretary of Health and Human Services’ declaration that COVID-19 constitutes a public health emergency; (ii) the date the Director of the CDC rescinds or modifies the No Sail Order; or (iii) 100 days after the order appears on the Federal Register, which would be July 24, 2020.

Insiders invest in OneSpaWorld, New Residential Investment and Brookfield Property REIT Continue reading...

OneSpaWorld Holdings Limited (NASDAQ: OSW), the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, today filed an investor presentation regarding the previously announced $75 million equity financing to be voted on at the Company’s Annual Meeting of Shareholders on June 10.

(Bloomberg) -- A OneSpaWorld Holdings Ltd. investor is calling on shareholders to vote down a plan to raise $75 million through a private placement, arguing it would be highly dilutive and reward insiders at the expense of other holders.Deep Field Asset Management LLC owns roughly a 2.8% stake in OneSpaWorld, which provides health and beauty services to cruise lines and resorts. Deep Field argued in a letter to shareholders Wednesday that, even with the coronavirus pandemic, tourism- and cruise-related businesses have accessed capital at much better terms than those negotiated by OneSpaWorld.“The right thing to do would be for management and the board to tear up this insider scheme,” Deep Field managing partner Jordan Moelis said in the letter, a copy of which was obtained by Bloomberg. “If they decline to do so, then as shareholders we do not have to vote as though we are still in the darkest days of early April.”The plan will need the support of a majority of the votes cast at a meeting set for June 10. Moelis said that because insiders hold about 20% of the company’s shares, support from a majority unaffiliated shareholders should be required to proceed. Four of the five members on the board’s special committee that reviewed the deal plan are participating in the transaction, he said.“This gives a new meaning to the word ‘special’ in ‘special committee,’” he said.A representative for OneSpaWorld wasn’t immediately available for comment. OneSpaWorld said last month that it planned to issue common stock and warrants to Steiner Leisure Ltd., an affiliate of private equity firm L Catteron, and its partners, including Neuberger Berman Group funds and members of the OneSpaWorld’s board and management. OneSpaWorld said the proceeds from the private placement would bolster its balance sheet and liquidity and sustain operations even with a lengthy shutdown of the cruise industry.L Catteron has a long history with OneSpaWorld. In 2015, a group led by L Catteron acquired the business when it closed a deal to take Steiner Leisure private. OneSpaWorld went public last year through a reverse merger with Haymaker Acquisition Corp., a special purpose acquisition company.Under the terms of the private placement, OneSpaWorld said it would raise $75 million by selling 18.75 million shares at about $4 a share, along with 5 million warrants at $5.75 per share. Moelis challenged the company’s assertion that it represented a 5% premium on the company’s 20-day volume weighted average of its shares. He also argued that it ascribes no value to the warrants, which he says would actually indicate that the deal was done at a 20% discount.Carnival Corp., Royal Caribbean Cruises and Norwegian Cruise Line Holdings have raised billions of dollars in recent weeks. Deep Field itself offered on two occasions to participate in any capital raises that may be required at OneSpaWorld, Moelis said.OneSpaWorld’s shares have fallen 67% this year, giving the company a market value of about $343 million.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]

OneSpaWorld Holdings Inc. Ltd. said Tuesday that it has furloughed 96% of its workers after its cruise line partners suspended all voyages until April 30. OneSpaWorld is an on-board health and wellness company. All of OneSpaWorld's U.S. and Caribbean resort spas have been shuttered. The "majority" of Asian resort spas have been closed as well. In addition, the company has deferred "non-essential" expenditures, including payment of the dividend declared on Feb. 26 for payment on May 29. The dividend program has been withdrawn. A quarter of cruise ship personnel have been repatriated so there is "no ongoing expense related to these employees," with the remaining personnel to be repatriated soon. All capital expenditures have been eliminated. And first-quarter and full-year guidance has been withdrawn. OneSpaWorld shares have lost 75% of their value over the past year while the S&P 500 index is down 20.1% for the period.

OneSpaWorld Holdings Limited, (NASDAQ: OSW), the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, announced today that it will release its First Quarter 2020 earnings on Wednesday, May 13th before market open. The Company will conduct a conference call the same day at 10:00 am ET to discuss its quarterly results.

OneSpaWorld's largest current shareholder, Steiner Leisure, will provide a cash infusion to help prop it up. OneSpaWorld, which operates spas and wellness centers on cruise ships and at destination resorts, has been hit hard by the coronavirus outbreak that has shut down the vast majority of discretionary travel worldwide. The company said last month that it had furloughed 96% of workers at destination resorts in the U.S. and Caribbean, and repatriated 25% of all cruise ship employees.