It's amazing to me that a fad retailer can have such obvious insider selling (almost all holdings by some), terrible channel checks resulting in bigger than normal discounting and slowing same store sales, and a shelf registration of 5.7 million shares for sale.....and this having NO real effect on the stock price. This will trade at a pe of 15 -17 within the next couple years, and this year unless a rabbit is pulled from a hat....will test 66, fail, and then test 50. Of course in this day and age manipulation is a beautiful thing and this stock sees it daily.
Nice call but the manipulation rules the day. should be testing the mid 60's now but they are holding it up. there isn't even any stock to short available. when it does drop it will be very fast to fast to catch. like chipolte.... there are too many funds that have massive positions and when the company disappoints which it will at some point the stock will drop by 20 to 25 percent instantly. Just don't know how soon it will happen, plus the wife still buys the stuff..... she has started buying from the overstock stuff now and that is a change for her... can you say Competition. GL