DLIA is a bad bet. it has been a bad bet from it's IPO. that is a proven fact.
it is my opinion from here there are many far better management teams in the sector to bet on than DLIAs.
the other proven fact is that the methodology of the lunatic for finding winning stocks is terribly flawed.
it is my opinion that following the judgement of one such as him is sheer masochism.
btw, since i have recently vowed to be entirely truthful here, i am only a pretend psychologist and claim no credentials at all, though i did once get paid for publishing an artical in Psychology Today before it went extinct. (PT later reestablished itself).
Could you clarify your CPA remarks? I am a CPA and I wont say for a fact but most states that I am aware of require an accounting degree and in some cases actual experience before you can sit.
However, standards may have been different state to state in the 80's.
That said Delia wasnt a good investment at 12 unless you were short. I am starting to think its a good investment at these prices.
I will continue to back up my comments that we have gone way to long without some information re SSS, holiday performance etc. even though Delia's is within its rights to not publish such information until required. It is the ONLY retailer I follow where we have absolutely no clue about performance during the holiday period.
Its strikes me as if they are hiding, which says something about mgm in my mind. Its obvious the quarter was bad and probably the start of the new one is as well.
We will know soon enough but I just think the most important quarter of a retailers year shouldnt be secret for so long. Especially when it is so contrarion to the rest of the sector in terms of publishing these important metrics. Again, in my opinion they should have just issued something in early Feb about SSS, eps projection and cash/debt. Short and sweet.
But no news is the worst news and DLIA is the worst retailer I have seen in terms of PPS discarding Sharper Image.
>>>>Could you clarify your CPA remarks? I am a CPA and I wont say for a fact but most states that I am aware of require an accounting degree and in some cases actual experience before you can sit.<<<<<
when i took the exam, early 1970s, all states gave a uniform exam on the same three days in may and november but requirements to sit varied by state. i sat in california where 45 units of business related subjects was required (and a degree in a business related subject, i believe). in accounting, i had taken 2 intermediate classes, cost, FIT, advanced, and auditing.
i took the 4 month becker cpa review course with newton becker himself present to teach the sessions with his high squeaky voice (using his pre recorded tapes of course). becker was short, balding, glasses, an absolute perfectionist, and passionate about accounting, from time to time during the sessions suggesting how much better government would operate if there were more cpas in congress.
i took the becker course concurrently with my last undergrad semester.
the cognescenti will know that i speak the truth or i could not have come up with the above stuff.