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Tuesday Morning Corporation Message Board

  • bostonrains bostonrains Jan 20, 2011 3:15 PM Flag

    Adding at $3.91

    Tough to find profitable companies with solid balance sheets and a discount to tangible book with stocks near multi-year highs. Nearly impossible, in fact.

    TUES, here, is very compelling value vis a vis what your investment $1 buys you vs. nearly anything else given those criteria.

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    • I disagree. The chance of a 10% pop are slim except in the case of news. Earnings will be out Monday so that is the the only realistic chance for a rally for the next couple months.

    • A move back to $3.50 would downright delight me. Getting a 15K share base here is worth the risk (likelihood?) that we see another 10% downside, as I still see the potential upside as so much greater, and don't want to get too cute about picking up an initial position. I think we all agree this could pop 10% from here at any given time, with no notice.

      Regardless, if it does drop to $3.50, I'll at least double down, and then more from there.

    • Good posts all around, and I agree with the value argument, but I think the timing may be off. A move below $4 has a good chance of carrying to lower prices....possibly back to support at $3.50-3.65.

    • I have been purchasing from 5 down to current level. I'll admit I'm tapped out at this point. Used my gains from Dean Foods to throw into TUES. Same scenario. Amazing how some large funds do not want a stock no matter how low it goes after a poor quarterly. My guess is, like DF, this one will show a 20% gain in short order.

      Still am not thrilled about current mamagement, especially merchandising and overall store display, but I do like that the balance sheet is in good order.

6.68-0.37(-5.25%)Nov 30 4:00 PMEST