I was disappointed to hear Grasso got scammed out of his shares at the lower prices(below 60 before earnings).
But it is quite obvious to me now that we continue to run higher. Smart money buys when people are just so happy to lock in 10% gains. Those people are missing the forest for the trees.
This company has been destroyed. Shorts were relentless. Sam Poser was heartless(but he did nail it).
Sheepskin was not kind to us. Weather was not behaving. Bernanke and the FED made everything but us attractive.
We went to heck. But we are not that much a different company than two years ago.
For one, we are BIGGER.
-Record revenues projected this year, over 1.5B
-over 100 stores today compared to less than 70 24 months ago.
-International growth of 10%
Just the same company from two years ago, starting the engines again.