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Tuesday Morning Corporation Message Board

  • longtimefollower longtimefollower Aug 28, 2013 4:40 PM Flag

    Becker Drapkin had 3.8 milllion shares; now it's 2.8 million!

    That'a a major sale! They reduced their position by over 25%. If the stock had stayed at $14-14.50, would they have sold half of their position? Would they have gotten out totally??

    This stock basically "needs" to drop now. There are at the beginning stages of an ATTEMPTED turnaround, and the large holder has sold 1/4 of his stock!

    This thing is hype and hoopla at $12.50, and should, realistically, trade for $7-9, in my opinion. The potential success of a turnaround is FAR from given. Just ask Kathleen Mason.

    Sentiment: Sell

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    • BD started buying at $3.76.

      Yeah, they sold some at $14+.

      Wouldnt you do it even if you were optimistic about the future ?

      Heck a lot of IPOs come with insider selling and are oversubscribed. The market understands that insiders have to cash out.

      Yes, its possible the stock goes down to $10, but its also possible the stock goes to $17-18 with a strong xmas quarter.

      Risk/reward is not good on the short side. For the 95% of the market than can see & think past 2-3 months that is.

      • 1 Reply to smaycs4
      • I have been in retail a long, long time. I call what is happening to TUES, Retail Darwinism. I don't have enough time and space here to list a long line of retailers who have gone out of business because their direct competitor was 'stronger'. What are ROST and TJX not giving to TUES's potential customer? What retailing mavens are they going to employ? TUES is a dead, dead issue. Their is no niche of retailing nor sliver of retail sales that they are going to discover. All the spots in off pricing have been filled. While KM was keeping them solvent HG was expanding now up to 800+stores with another 700 to come. Every suburban woman in the US can tell you a story about knowing some one in a $1ml and up home, that completely furnished it at HG. And on the lower side ROST has got that customer.

        Any one, any one, who thinks this stock is going up should go to a HG go to a ROST and tell me how in the world TUES is going to make a turn around against them. It ain't going to happen. I don't know the real estate play and maybe they own the Inwood property but, as a retail play, they are among the walking dead.

 
TUES
16.75-0.39(-2.28%)Jul 25 4:00 PMEDT

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