Think these guys have to make huge changes to survive, and make those changes quickly. They have to move from the 70's to today's winning models - and they just do not have much time to do that. It's a complete makeover. Not just the current Team has that in them, but that's just my opinion. Selling Fitness Equipment and having a pisspoor assortment of furniture will likely not take them to glory.
A person he made up. I don't see where he offered any link.
Cash: March 2011 - $73MM. March 2012 - $59MM. March 2013 - $49MM. March 2014 - ? Hard to imagine how it would look without the $40MM cash inflow from the death of the Chairman/CEO.
HGG has been propping up sales by aggressively opening new stores. This has created a cash crunch. It will be interesting to see how HGG resolves it. A filing for bankruptcy protection would help with the cash flow problems. Another possibility would be a dillutive stock offering to raise needed capital. Either possibility is not good for HGG shareholders.
I've also seen execs leave just before a takeover........just another thought. Don't rule it out, anything is possible and hgg has a solid balance sheet. Very attractive.
Sentiment: Strong Buy
I believe I bought your shares earlier today, when the clueless sold. Mr. market loved her yesterday with three times the volume. Today was a gift and you are experiencing a major short squeeze.
Sentiment: Strong Buy
very much agree - a 1970's model in a 2014 World. Doubt that they have the gumption to make the requisite changes to survive.
This happens because of the high percentage of shorts, about 45% of the float.
A lot of the institutional shares are loaned out and shorted, and are therefore available in the market.
Beats me, I dumped it below 9. It certainly hasn't gone as low as some on this board, including me, thought it might.
Shoppers have a wealth of good information available to them today. Few want a famished commissioned salesman breathing down their neck as they're looking. Best Buy has it right - sales counselors check with you, let you know they're available, and are willing to leave you alone if you want to browse.
And who shops for bedding at HH Gregg? If you've expanded your lineup, let someone know. HH Gregg seems to have a death wish.
CONN has $2 billion market cap and a high PE. Yet they only have 80 stores focused primarily in Texas and lower mid west. HGG has 220 stores, no debt and a market cap of only $230 million.