Serious question here. The stock is acting like this company is on the verge of filing for bk. I have no dog in the fight but I'd potentially invest down here if I thought BODY could avoid bk or an equity raise. Thoughts?
First off, Body is a Strong BUY, number one…MAybe your unaware of what CEO just did on May 8, 2014. TOOK a HUGE PayCUT, what for what reason, why because he believes his company will hit its goals. MAke no mistake BODY CENTRAL is a STRONG BUY, ESpecially at the price its trading at. May 14, 2014:
ALmost 300 stores nationwide, online business, slowing going mobile….BODY IS NOT GOING BANKRUPT…..NO CHANCE
I am very familiar wth GGS situation over the past year - it is truly a bankruptcy candidate. They are swimming in debt, just issued preferred shares to get some much needed cash, and have probably burned through it all already. Good for a dead cat bounce, but do not hold for any extended length of time or you'll get stuck.