There are 8 firms. the avg is 79c cnts.
Lets use 90 cents. $21.69=24 x next years earnings. Not THAT high given we could be in the early stages of multiple years of sales & earnings growth.
Say $1.20 the following year and then throw a 30 multiple on it and you've got $30 a share. Discount that by 20% and you have a present value of $25.
My problem is I don't pay these high of multiples for stocks. So its difficult to hold them.
Huh ? They've added. But not 8 million shares recently.
They own just over 9.2 million in total. Most bought slowly over time. Not recently.
Looks like 11/18 was the "due date" and 11/25 is the dissemination date for short interest. Why does it take them 7 calander days to disseminate it ?
November 11/14/2014 11/18/2014 11/25/2014
11/28/2014 12/02/2014 12/09/2014
December 12/15/2014 12/17/2014 12/24/2014
12/31/2014 1/05/2015 1/12/2015
Tim, it looks like you responded here and yahoo removed your post.
Its amazing how many legit posts get removed yet the penny stock spammers seem to slip thru daily.
As for why I sold some...I looked back & hadn't sold any since $14.99. And if the stock were to fall back to the mid to upper teens, I wouldn't really have any excuse.
Their annual meeting was recently.
Its as you have been saying forever now. Hasn't the stock gotten ahead of itself ?
The company has a bunch of treasury shares which is where the 92 cents came from.
Using 33.048 net shares out rather than 41.22 million
In any event, with $72 million in potential tax assets, who knows ?
Do we use 41 million shares out ?
Where did I get 92 cents ?
Did the sharecount go up ?
41,222,289 shares issued and 33,047,882 shares outstanding
at March 31, 2014 and 2013)
nobody knows whats going down and nobody wants to be left holding the bag.
Heavy dilution is almost assured. A pipe followed by a rights offering is still dilutive because non-current shareholders are getting in dirt cheap and that dilutes current holders even if they participate in the rights offering.
A similar situation is brewing at CACH where a 10% holder just dumped.
I have them both on my watch list but am afraid to buy.
marxe isn't really an insider, just files like one because he had so much.
He, like everyone else, is taking their tax loss.
He could buy back if he wanted after 30 days.
Im afraid they will have to find a predatory lender to keep the doors open. That means heavy dilution.
It has lots of upside if it can be turned around.
But Im chicken.
Down slightly from 10/15.
10/31/2014 14,265,767 806,900 17.679721
10/15/2014 14,576,731 515,243 28.290983
Days to cover went way down with the volume increase.
I had a limit order in at $21.79 and got a 1 cent price improvement.
Not sure where Wedbush gets their $24 target.
TUES has no need for capital although maybe this is buttering up mgmt.for later on ?
In the mid $20s, it would make sense to raise some capital just because you can.
I remain a big fan of the turnaround here and hopeful of higher prices.
A lot of shorts are still in a lot of pain and they can stop the pain by covering.
And the chart doesn't show much overhead resistance.
The investment firm calls the closeout retailer a "compelling turnaround" story which is on track to improve profitability.
New management has set up Tuesday Morning for gains by improving store productivity and also through supply chain and distribution innovation, notes Wedbush.