I dumped all of my ZU stock this week having lost 65% of my investement. I really thought the business model was a good one but now I just feel a sense of relief that I am out.
I noticed there have been 14 insiders sales and no buys. Lori Twomey who is "Chief Merchant" has sold over 420,000 shares during the past year....that should have told me something. When the higher ups of a company are dumping it speaks volume. Incidentally I checked Twomey's experience...she was with Charming Shops which I believe filed CH 11 at least once in the past few years. Hopefully not a picture of what is on the horizon for ZU.
Good luck to all. I'm moving on.