about flat in February, when most of the national retailers were hurt by significant bad weather, and rebounded to about 9% in March.
inventory turnover continues to improve. On the trailing five quarter basis, our inventory turnover has climbed to 2.6 times versus 2.5 times last year at this time. At the end of March, inventory was much fresher and more current than at the same time last year.
The average age of our store inventory has decreased to 4.7 months from about 4.9 months last year at this time.
expect to keep the momentum going.
Gross margin increased, sg&a decreased.
inventory up 8.6% to $223.4 million from $205.8 million a year ago. Additional inventory is in place to support our favorable current and expected future sales trends.
There's actually more upside here. (As compared to Michaels)
Except some nice savings when the west coast DC opens and more when more do later on.
If this falls to $12, I will have to dip my toes back in.
Its all in the SEC filings. Read them.
Those shares get sold and the stock price declines.
Its like magic.
Same things been happening for 13 years now.
29 cents. And overvalued by 99.9% in my view.
This stock should be zero.
Why did they hire them to begin with ?
In any event, I can lose 100% of my investment in FSYS, that wont bring jobs to the haters here.
Best case on Jamul will probably be $2.30 per share 3 years from now. But, I wouldn't be surprised to see him sell it to a buddy for $1.25 per share or something.
Yes. The note is for $60 million. The terms of the note are, it doesn’t accrue any interest until the casino opens. Once the casino opens, it carries of 4.25% cash pay coupon. But the principal essentially is not doing payable until at the end of seven years. So when you look at that, once the casino opens and, of course, we think very highly that it will be successful. I think it’s basically a financial buyer who is going to buy it. And it’s just really a question of present value of, what is the buyer want anywhere from 10% coupon to a 20% coupon. If you ran the numbers at about a 15% coupon, I think it comes out around $32 million or $33 million.
298 posts | Last Activity: 6 hours ago
Member since: Oct 1, 2014
They have about $1.55 per share in cash but other liabilities.
Much depends on the NYC property and I don't know how to value it.
Planning to hold onto my FUR for however long it takes. Hopefully we can get some more cash out of it in the next few quarters.
I actually bought it when it was Repossession Auction and watched them transform to Latin American Casinos. Then the founder died and so did the CFO. The founders widow sold out to a scammer named Todd Sanders who sucked as much as he could, then handed the reins over to Convicted Felon Mark Roy Anderson.
But the last 13 years of continued losses have all been at the hands of Calvert. And Joey P who used to be Andersons right hand man. Since Calvert & Anderson seem to be in the same line of work, he kept on Joey P all these years. I guess because he had a familiarity with how scamsters operate.
13 consecutive years of losses. No reasonable likelihood of EVER having any material revenues let alone profit.
And don't forget the reverse split.
Interestingly. REPO was brought public by a bucketshop brokerage firm. Years later, it had about a $3 book value with about $1.60 per share in cash and no debt. That's when I bought in. At $1.125 per share.
The founder wasn't a scammer and he went years without issuing a single share.
Now, it appears they carry around stock certificates & pay for everything with shares.
Because they can be printed for neearly free.
Don't forget about the reverse split 1 for 25.
For years, REPO & LACI had just 3.1 or 3.3 million shares outstanding and they didn't give them away like they had no value.
Stock had a nice run to $6+ when they got into leasing out slot machines in 3rd world countries.
Handy & Harman Ltd. Extends Tender Offer for Shares of JPS Industries, Inc. Until May 29, 2015, Due to Continuing Discussions with the Company
Lyle didn't sell. In fact, he said he wouldn't sell for 3 years. But the new guys can sell right away.
The $9.57 is just a figure used to value LACO against the new company. No guarantee it will ever trade there. But it might trade higher. Hard to say.