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Chromcraft Revington, Inc. Message Board

longtimefollower 62 posts  |  Last Activity: Dec 5, 2014 1:53 AM Member since: May 12, 2000
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    New approx. 7 year high today at $19.43

    by smaycs4 Sep 16, 2014 3:52 PM
    longtimefollower longtimefollower Sep 18, 2014 8:41 PM Flag

    Congratulations on your gains. Why don't you take them.

  • Obviously, a totally non scientific analysis. Just sharing impressions. Stores impressively clean and orderly. BUT, only one other customer, at any one time, was there. And just me, a good part of the time. I only spent $25, when, i spend a couple hundred, several months back, the last time i was at a store. I didn't find any compelling "impulse buys," or particularly intriguing or "must have" items.

    My thoughts are that the "specialness" of TUES just isn't what it used to be. Pricing is no better than many others. And selection just isn't the "treasure hunt" it used to be. In particular, the core categories of kitchen wares, bedding, linens, and luggage are just like anyone else's offerings.

    I remain confident in the fundamental soundness of my short position, and believe that this thing is set up for a major disappointment. Why? Because Rouleau has FLUMMOXED the marketplace by "buying" an outrageous amount of time, by sedulously and brazenly convincing the market that it was like an 18 month "program" to turn the company around, and that the lack of ANY REAL PROGRESS, up to this point, doesn't matter, and thathe should be given the benefit of the doubt. The small token insider buys were intended to MANIPULATE market places into believing that Rouleau, and his CFO, are "true believers," and intended to distract from the much more significant SELLING by Becker Drapkin.

    No matter. The proof will finally be here, with xmas quarter results. The excuses will be UNTENABLE, and Rouleau will finally have to live with the reputation he has earned.

    There is a lot of "hot air" built into this stock, and the kind of results that are necessary to justify the current stock price are virtually unobtainable.

    This thing is trading at pie in the sky prices....and i fully intend to short more, on any rally up into the $20's.

    Sentiment: Strong Sell

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