I'm a small investor in this stock and wonder if it's a decent time to add to my position or get out. I heard the management is weak and obviously the market is tough with a recession looming...however, it's trading at a relatively low multiple and they have decent brands. Any financial whizes out there following this stock?
That is a funny question. This company has been unable to deliver a respectable forecast. If they don't know I don't know how an analyst would do any better. Low multiples are deserved. Cash flow is negative, management is incompetent. What a shame because they actually have good products. If you own the only hope is they get bought out, fire current managment and run the brands properly.
Thanks for all the comments and advice to "stay away." I was considering averaging down but glad I listened to you all and didn't buy. I'll sit tight and hope to break even within the next 6 months. Gotta admit, it's shocking how these IDIOTIC managers get to run companies, get paid all the while screwing shareholders...Where are the activists? Wonder is JOVE Partners are still in love with current management??
And how doe this qualify as a defensive issue? This company is largely in the consumer discretionary sector. As consumers are squeezed by higher petro prices and escalating mortgage payments, etc., it is unlikely that this sector offers much promise in the near term. As for the company, go back and look at the last several 10Qs. Lifetime was built through serial acquisitions. The effect of these acquisitions is to so muddy the financials that it is extremely hard to decipher what their real performance has been over the last few years. I'd stay away.