The solution is simple. ALWAYS use limit orders. But, above all, don't EVER EVER use all or none orders. EVER!!!!!
3 major insider sales.
Should be a major downward catalyst for the stock....because it's going to show that there has been little ot no improvement in the fundamentals. And, if they don't guide for MATERIAL improvement in the Xmas quarter (which they won't, because they don't KNOW what's going to happen), this thing is going to retrace to $10-11.
I originally shorted in the high $8's, right after the earnings release. Then tripled down at $7.50, after the CFO sold in the open market. Then covered a bit in the low $8's. Then shorted a bit more, after hours, Friday, at $8.20, after the new insider sold.
I'm still absolutely convinced it's going lower, after the next earnings release. But it may go higher, in the interim.
Time for this to trade back below $14 again, since the arbitrage value, of a higher bid, is slipping away. (Unless Everbright sues the board?)
You don't "EVER recall an institution buying so indiscrimately"? Really?? Is PrimeCap's buying impressive? Yes. But the use of these kind of superlatives, on your part, is really quite unbecoming, unseemly, and self satisfied.
The "drab looking, 2nd tier locations" didnt hurt them in the past. The problem is merchandising, and buying. Period. And whether the biz model has been somewhat obsoleted..
Well, the concept of broadening the merchandise base, and going less deep, seems to make a lot of sense, in terms of enhancing the overall "treasure hunt" experience. But having more skus also increases costs. It remains to be seen whether they will be successful in improving same store sales, which is, at bottom, what they need to achieve. And I'm sure Becker Drapkin sold 25% of their position, because with the LACK of any turnaround to date, the risk reward absolutely doesn't justify maintaining the position. That pretty striking, considering that, if Rouleau & Co. should be successful, we should know within 3-6 months or so. Which suggests to me that Becker Drapkin's confidence level in a turnaround is, frankly, rather limited. (I still believe they were "shaken" by the embarrassment of the Brady Churches fiasco. And now, they couldn't find a CEO wanting to take the job, or that they thought was credible...so they went with a board member?)
This thing stinks to high heaven. That having been said, I wish Rouleau well, and think he certainly has a respectable resume. But this isn't Michael's Stores. As the precious poster points out, I believe the TUES business model has become increasingly "troubled."
Well, instead of looking at HOW MUCH they manage, have you actually considered looking at a prospectus, and seeing if they have a long term record of beating the markets? That would be a lot more credible.
Your hubris is legendary. It also happens to be your downfall, as an investor. Contrarianism is a foundation of successful investing. Self satisfaction (including putting one's "educational background" in a yahoo id) is certainly not. You have absolutely nothing worthwhile to contribute. The fact that a stock has cratered in price is something that should be carefully looked at, for the inherent opportunity. That is certainly true here.
Question: If they put Heald on the market right now, what do you thing they could get for it? Let me give you a hint: considerably more than the market cap of the entire company.
Self-important little twit.
Sentiment: Strong Buy
Go ahead and worship them, if you'd like. Drool all over them. But the question I would ask is where were they when the stock was $4 or $6? Did they buy in exclusively because of Rouleau?