Very cool! Congrats again, Hottie. I just added 100 more shares at $10.92, which lowers my cost basis some more... And I'll enjoy the 4.5% dividend on those shares while I wait.
It was time to go up a long time ago. The mall retailers continue to be some of the most unloved stocks on Wall St. Reports say online retailers are not to blame, since they are only a small slice of the entire market, but that is an important slice for brick-and-mortar clothing retailers. Also, the off-mall locations (outdoor outlet malls), and stand-alone stores like Target and Kohl's continue to take business as well from Mall retailers, too. Everybody keeps waiting for a bottom, but it seems to be nowhere in sight.
He meant "rerail"... He was doing his best "Scooby Doo" impression. "Raggy, re're gonna rake a ride in the Rystery Rachine! Ran I prrease rave a Rooby Rack, Raggy? Rooby Rooby Rooooo!" He did it in honor of the new American Beagle canine clothing line.
There's that bankruptcy I was predicting. I knew it was going to happen!... It took long enough. That's because the company kept issuing secondary offerings to bring in knew suckers. However, in the end it was inevitable. Those ugly old-lady clothes all labeled "Made in Bangladesh" would do them in sooner or later.
Glad I took a small loss at $6.24. Remember everybody, there's no reason to ride a losing stock all the way down. Dollar-cost-averaging only throws good money after bad. GLTA!
I'll take a flyer if it gets down there.... Until then, there are too many other retailers in better shape (profitable at least).
Novice investors also just look at the chart and think "it used to be much higher, so it can and should be trading up there again". However, that is not always true; stocks usually fall because wise investors realize the stock was wrongly valued too high in the past.
Risk is incredible!.... How much could you lose?.... 100%
Another snowfall on the East Coast, tough retail environment continues, further margin contraction, same-store sales still falling, PE firm comes in and dilutes the shares while implementing preferred shares with interest/dividends to take money that otherwise would go to you, the common stock holders, and continues pressure from other retailers that have better online retail numbers.
That would be smart for them. They could short it to a buck or two per share and use the profits off that to buy the rest of the company for free. LOL!
I'm out at $6.24. I'll happily take my $68 loss (commissions included) and find a better company to invest in, instead of lowering my cost basis and throwing good money after bad.. Their deal with Sycamore Capital just added debt, interest, diluted the shares and put preferred shares--that pay dividends out of our future earnings--ahead of us commons. No reason to stay; I'll let this company be someone else's problem.
Hey Hottie! Yep, it's me! How've you been? You asked if I was bashing to buy a little lower... Actually, I was just telling the truth; The stock opened at just above $12 and was trending downward non-stop. I warned people that it was too early to try to catch that falling knife and that it had further to fall. I am still bearish long-term (Office Max's and Office Depot's merger along with Staples closing many locations is more of a band-aid than a solution). I love companies with big dividends but fear this dividend will be on the chopping block if they report a few more quarters like this one. Also, like I mentioned in my original post on this string, I do not like to invest in companies that miss the entire ride of a bull market; The S&P 500 has roared over the last year, and SPLS has done nothing. However, in the short-term, I think your purchase at $11.30 will make you some nice money as a trade. Good luck to you once again, I hope you make nice $$$$ on this, and I look forward to talking to you again soon, Hottie!
Why should it?... Just on a dead-cat bounce? This stock market has been one of the best, most bullish, markets in decades. At the same time, this stock has done nothing but trended further downward (rightfully so). The S&P 500 has been up over 40% over the last 3 quarters, and SPLS has only moved in the opposite direction. If this Fed policy of easy money (Q.E. and 0% interest rates) with a roaring bull market is not enough, then there is no reason to even contemplate going long the equity of a company that continues to miss expectations and revise expectations lower.
Why should it?... Just on a dead-cat bounce? This stock market has been one of the best most bullish markets in decades, and this stock has done nothing but trended further downward (rightfully so). The S&P 500 has been up over 40% over the last 3 quarters, and SPLS has only moved in the opposite direction. If this Fed policy of easy money (QE and 0% interest rates) with a roaring bull market is not enough, then why contemplate going long this equity?
Yeah, everybody could see this coming from a mile away. That's why OfficeMax and Office Depot merged. E-commerce was destroying them both. The same is true for Staples, too.
Oh wow!... The stock's down 12% today, here's my chance to buy the company on sale! That's wrong; management missed earnings expectations by 18% (33 cents in earnings vs. 39 expected), and it has lowered guidance expectations from 29c per share down to 17c-22c per share for the next quarter. So expectations for the next quarter have decreased between 24% to an astounding 41% depending on whether or not they achieve the lower or higher end of that guidance. But either way, The stock price is only 12% cheaper while results are down 18% for the last quarter and down 25-40% for the next quarter. So the stock is actually more expensive than yesterday, unfortunately.
Good call!... The fact that this market has been roaring over the last few quarters, and SPLS continued to trend back down to around its Great-Recession lows of '08/'09 in the low teens showed that neither analysts nor management was willing to put their money behind the stock. Furthermore, based on Managements' own forecasts for the next quarter, this stock should stay in the low teens/high single digits until the summer or even further beyond. If the whole year continues on like this, they could end up earning just over their annual dividend payout in profits.
I agree with you... But I'm very tempted to take my 19% return (very nice for just one day!!!) and ring the cash register. Trying to decide whether to wait or sell....
Here it comes... A little news about Aero working with a private firm and now shorts are racing to beat each other to the exits.