same store sales negative this year.
Gonna be tough to show leverage if that is true.
I'm shorting any prints north of 14.75.
Enjoy your day in the sun bagholders. IF you are smart you will get out now
spurrious correlation at best.
Just look at their sales per vertical. They are an appliance distributor that doesn't know it yet. All other things they sell will be sold 100% online within 5 years or sold at unsustainably low margin in stores.
The model they are emulating has gone BK every single time.
Why would a sane person short a stock that is 50% owned by insiders who just eliminated all their debt and put in place a $300M line of credit and announced a share buyback program.
If you take the entire market cap and reduce it by the 50% insiders own, you can quickly determine that at todays price, the company insiders could buy all the shares they don't own for about the amount of their current line of credit.