Should be a good one. Will summarize everything that took place in the past year, change in mgmt (although still an ongoing process), new set ups, products, focus, etc. This mornings' news re Rouleau a big PLUS. Best part will be news re prospects going forward. Pratically all of the bad has been cleared out. If the economy makes a decent recovery in the next few months, I see at least a 50-50 chance of the PPS approaching $20.00 after the December results come in. GLTALs.
Any one can increase revs by lowering prices but that doesn't grow the bottom line. The estimate was $.00 earnings and they lost $0.13.
Their competition is TJX, and Ross Stores. Do you think these guys are sleeping and waiting for TUES to turn it around? There will be no turnaround there will be a turn down. There is absolutely no basis for any change. Do you think cleaner stores, lower inventory and new cash registers are going to bring back customers? Are they some how going to become genius merchandisers? Great trend setters? Create some retail revolution?
I shorted today at $11.19 and will add as it goes down this stock a year from today will be $4-5 and in two years gone and no will notice nor care.
Do you not understand the reason for those lower price sales or the main reason for the loss? Under the "OLD" regime that $40M inventory writeoff would not have happened and TM would have been the darling of WS today. But in the end it was still worthless and just a deferred loss. TUES does not care about TJX or Ross. Cleaner stores do attract customers, lower inventory means not being bothered by bad looking #$%$ purchased by the old group and that does attract customers and new cash registers speed up the process....I suppose you enjoy waiting in lines? You do not have to be a genius to correct/recognize past mistakes. You just need to be willing to do so. You may have listened to the call but you certainly did/would not understand what is taking place. If you shorted why would you add as it goes down?.....ROFLMAO