Give it time. This call was significantly better than all I can remember in quite some time. Coupled with the good quarter the stock will move up from here. Maybe it will go down a bit if there's similar volume to today. However, I think there will be more people buying on dips as this turnaround is clearly in motion.
I already have lots of shares, however if the stock goes back to $1.75 again, I'll buy even more.
Very good cc. Very positive, very competent, professional. They seem to have a firm grasp of exactly where they want to go and how to get there.
- Nice to hear the 300 - 400k in monthly savings from the merger are several months ahead of schedule. This is on top of the 1.2mil monthly savings accomplished in the last year from all the house cleaning.
- Really nice to hear FY14 guidance will be updated at the next cc. Willis also said it would be tightened. My hope is it shifts up slightly as well.
- They addressed any concerns about BBY impact and also mentioned Target as one of the key partners in Oh Canada.
No reason to sell, lots of reasons to buy the stock.
They're a very bright team. The operation now being realized physically had to have been envisioned and thought out well quite some time ago--that's sort of stating the obvious, but people just don't get cha-ching after cha-ching after cha-ching without knowing exactly what they want and where they're going .... Columbus is exciting--I hope they talk more about that facility in the future. I also heard that they linked their growing Target business to the Target store openings in Canada--that's also exciting. They communicate very well--concise and deliberate in the amount they disclose. Very bright people.