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Tuesday Morning Corporation Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Apr 17, 2009 1:23 AM Flag

    TUES has nearly quadrupled!!


    I'd say "not expected" instead of "incredible."

    I have no position in TUES but am ready to dispense advice.
    Before "taking your profits," ask yourself this question: If you did not know your cost basis in your TUES position, what would you do? Do you think that it is over-, under-, or fairly valued at about $2? I would guess "under-" will be the opinion of many longs. Do not be in a rush to sell just because you've tripled or quadrupled your investment. Sell only if you really think that the share price puts too great a market cap on the company.

    OK, I step off the soapbox now.

    This topic is deleted.
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    • triptolemus Apr 17, 2009 8:31 AM Flag


      I like your advice, so please continue to dispense it. You encourage me to ponder my future actions.

      In response to your questions, if I did not know my cost basis in TUES, I would buy TUES at today's price because I believe that its long-term value is in excess of its current book value. I thusly believe that people are presently undervaluing TUES.

      Conversely, I admit that the current price perplexes my thoughts. Why? When I bought TUES on 10 March at $0.60, my loss was ~70%, so TUES had to rise to $2.00 in order for me to recoup my loss. Well, TUES is nearly there, so what am I going to do? Although I am leaving on Saturday for 9 days to relax in the Outer Banks and am not knowing about the availability of the Internet, I am going to hold my shares. I truly believe in the long-term viability of this company, and I surmise that many people will regret sales at these low prices in future years when stability returns to the markets. I do not want to be one of those people.

      Do you share the same thoughts with ETM?



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