he still sees the stock way too cheap even as it rebounds recently. i am assuming he expects the stock to be a lot higher down the line...probably at least 400 percents to the upside from here. waves of positive news is expected as we move along. i previously stopped buying. but bought another batch after the recent news.
the guy from motley who cited this jeffries analyst is an even bigger moron. he says 17 p/e is steep...and the company is in deep debt. did this guy even go over the numbers? the company actually reduced debt by two third in 2013. cash flow rose more than double. wow. these idiots are allowed to post silly stuff on the websites.
serious see 80 next week. they will digest this weekend and many will come to the conclusion the stock is cheap down here, by any measure. i have been in this business long enough and seen many of these kinds of sell off only to rebound down the line. know the business, know the numbers and know why they sold off.
i am buying on the sell off today. wait til market opens and the sell off momentum takes it below 70. i will be loading up. all the upgrades and positive notes from analysts are correct. two points here. guidance way too conservative. and the first qtr loss projected due to late last year store openings expenses. but for the year, they are gonna beat top and bottom line.
seasonal...and you failed to say they are gonna do a lot better second half of the year. first half is almost irrelevant as it is always weak. so you can brush it aside.
and debt down from 33 million to just a little over 9 million. the company reduced inventory significantly and gross margin topped estimates as well. things are back on the right track folks.