% | $
Quotes you view appear here for quick access.

Tuesday Morning Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Dec 3, 2009 10:43 AM Flag

    Still too cheap.


    The company is indeed worth more than its current market cap, but the goal is to pay as little as possible, not a fair price.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Actually, pjw2, I had a $1.7 as a possible target too, originally $3, then $2.3 and then added the $1.7 with the $2.3. It really is hard chartwise to say, but the chart on this one is very good guidance I think. It indicated to me that this thing might hold at $3 and if it didn´t it would hit $2.5 or $1.7, and either would hold a copy type pattern on the last big fall.

      But then I looked at the balance sheet, and the business model again, and thought $2.12 was a gift so I bought, figuring downside was to $1.7 and the upside was into the teens.

      That copy pattern BTW was during the early part of the last recession, and it hit around $5 to $7 for lows, which was another reason I thought the low $2s was a gift.

      • 1 Reply to kabtb
      • So far it has been following a copy pattern perfectly. The upside on the chart, was heading to $35 pretty quickly.

        This time around who knows, but I could see how, after a binge on heloc spending, consumers might ease into any recovery while paying off big loans along the way, and that bargains will be the new mantra, and luxury for less could have a big place in it.

7.31-0.12(-1.62%)Aug 24 4:00 PMEDT