Enjoy this and following Q melts to come. Growth? THEY'LL BE LUCKY TO BE FLAT AS FARM BILL AND CORN BEAR KEEP TAKING THEIR TOLE!
"There are no analysts with at least 50 scored estimates during the Summer 2014 season"
Sentiment: Strong Sell
They know a dog on borrowed time. More padding in the financials than at their stores!
Down b/e they are going to soil the bed this Q. Second bombed Q in a row will burn PM's & Analysts who refuse to back off. USDA says farm (EFFECTING RURAL & SUBURBAN ECONOMIES) income will be down a WHOPPING ~ 28 Billion this yr. 1st decline in ~5+ yrs. Crop prices stay weak as well as new Farm Bill eliminates (free money) Direct Subsidies. Not to mention fuel prices are killer too. TSCO mg'ts touted Discretionary item gravy train will be hammered as well.
Watch the Q explode - you've been warned!
Sentiment: Strong Sell
LM*O!! I was right, JUST AS THEY PUT THE ROSE COLORED GLASSES ON WS AND THE STREET INSIDERS CONTINUE DUMPING SHS LIKE KRYPTONITE!
Hilarious how WS and street suck up to another failed quarter and false hype (even with the Pretend "Non-GAAP) adjustment padding STILL has, and will fall short. Hey, IT'S NEAR END OF Q - IF MG'T IS STILL DUMPING SHS HOW GOOD CAN THE Q BE? I'll be LM*O when PMs show owning this end of Q when the #'s bomb again!!
Bet you mg't is selling RIGHT INTO last couple days of strength too!
As we SAID - AGGRESSIVE ACCOUNTING (that doesn't even raise 2014 estimates!!) that explodes debt and goodwill 1/2 of balance sheet. An Audit Board resignation the day after earnings, and just days later the CFO too? Doubling "Non-GAAP expenses, and ERP" we continue to assert is kitchen sink expense reserving:
: "Mattress Firm CFO Jim Black to leave, Alex Weiss promoted
Mattress Firm announced the promotion of Alex Weiss, who is currently serving as the senior vice president of finance, to executive vice president and CFO, effective July 30, the beginning of Mattress Firm’s Q3. Jim Black will continue to serve as executive vice president and CFO until July 30, at which point he will transition into the role of senior corporate advisor to Mattress Firm through the end of the current fiscal year."
Sentiment: Strong Sell
Yesterday a 53k share order on close. Today 16:00:00 $ 46.14 6,531
Give it a couple days and we'll see if management was selling them to you!
Their selling obviously disagrees with Lemming Street raising a target while the fundamentals displayed were flat - EVEN AFTER ONE-OFFING EVERYTHING!
I'm sure PM's will find better upside picks and this will be a Source of Funds in spite of what some cheerleaders pretty lipstick onto.
A bear trap here. We're supposed to be happy with flatish NON-GAAP EPS, increasing cannibalization and MORE closing costs - all as separate expenses - "but we're getting more rev's!' Yeh, and tons more expenses that it causes.
Why do you think they keep getting back franchisee stores? (Then closing some of those?) From another poster May 3 "You're absolutely correct. I have been to many areas where MFRM has 2 or 3 stores within less than 1 mile of each other. This is a typical Private Equity deal, where the owners will pump up sales, borrow more money to finance a special dividend and bankruptcy will follow in a couple of years."
Meanwhile it keeps building MFRB debt, major Goodwill, and hollowing out book value. This game won't play for ever. And the longer it's played the more ROI is stressed.
Really? Omit, and KITCHEN SINK EVERYTHING ELSE TO TILL COME UP SHORT ON EPS? HELLO, THIS IS A DREAM - NOT SOLID EPS (STILL TRAILING MARGINS ANYWAY!!).
What a joke. They "perk up rev'" because franchisees are folding back to company. (Too dense of store mass getting worse - check "glassdoor").
So they are taking back more trash, much of which will get closed.
Why is there no more earnings for those rev's?? Because it's a wishful thinking story. DREAM ON. P/E of 29 for FLAT EARNINGS (EVEN AFTER ADJUSTING OUT OF GAAP EARNINGS TOO BOOT!) IS A JOKE.
WORST, EXPENSIVE NON-SYNERGISTIC (limited).
Really, this is about as nonsensical as FB buying the 3D co - :just because it can.
BY THE WAY, THEY COULD HAVE BOUGHT A REAL, BETTER HEADPHONE CO,
HUGE MISTAKE. SURE, IT'LL FOLD IN. BUT EXPENSIVE AND NEXT TO NO SYNERGIES.
Your a child in a sandbox; who can't go so far as to even discuss the topic you pot on. Change your diapers. Rash must have you in a tizzy.
Only a shallow-brained Repucker would:
1) Think I live or die JUST off this - as if I don't have more.
2) Not realize I was able to cash out today at a PROFIT.
Maybe you just need more of running start to get to par (after you change your pants - school yard heckler).
They could make $ closing stores - heck might as well close others: Office Depot, Aerosptyal, Pier One, on and on. Course they need t delay billing on closing their own so they ca recognize revenue at first then pay it down the road (assuming their still around to do so!)
Office Depot just announced 400 hundred yesterday, Aerosptyle (sp?) 300 closure earlier this week. Massive, massive dead excess space. Going to be hundreds of closed stores to pay taxes on while they sit dead.
They'll gut the stores big time and hope there's redemption in the market. Problem is they need to take $billions in write-downs for these ghost malls. So they may cut some bleeding - BUT they'll still bleed; AND bleed big time off income statement with massive ghost space. Nobody wants their class B trash. The trash EVERYONE IS BAILING OUT OF. (Dont let Eddie fool you.) Office Depot just announced 400 hundred yesterday, Aerosptyle (sp?) 300 closure earlier this week. Massive, massive dead excess space. Going to be hundreds of closed KMarts SHLD gets to pay taxes on while they sit dead. Only way out is another bankruptcy - I'll be they get there..
Preparing the "Dillards Men's Vs Women's stores Ghost Mall Tennis Court"! Another contributor adding space for the ball boys:
Aeropostale to close 125 P.S. stores. Another contribution to the Dillards ghost malls tennis courts! Plenty more coming. Hey, maybe Dillards can play Sears as the anchors sit on dead real estate no one wants to go to?! That way one of the store staffs can rest while the other store volleys across the vacant food court. Watch out for the fountains "water hazard" - that's it, the stores can play miniature golf in the vacant food courts too! Do tell! How long must I wait, and watch among the dead comps & margins.
A.) They are diversed, currently having enjoyed TECH melts. Moreover, previously having made far more on tactical trading short DDS than at risk.
B.) Likely be glad some of the analysts reduce their rating as the median price target is 101. Go ahead and get there and see what's left in the tank!
You didn't talk to him. Retirement?
A.) No need to dump all at once
B.) He's one of the newer AND younger one there.
Obviously, and judging by your name, no lies are beneath you...