Conn's, Inc. (CONN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

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Visitors trend2W10W9M

12.54

-0.25

(-1.95%)

As of 09:41AM EDT. Market open.

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B
wow and spent $150 mil buying back stock at 20 a share.
A
I listened to the conference call.. seemed all positive to me! What am I missing?
H
What am I missing here? Is it fundamentals or just current Macro environment? They seem to be being aggressive with buybacks.
t
Short squeeze anyone? Wow this is shorted to the max.
Bullish
K
This should start to recover in the morning. This will be a great week.
K
Serious overreaction to the ER but I will take the discount!! I love panic selling.
K
Conns is a sunbelt company. Everywhere that’s growing above average, and also heavy in TX where it’s headquartered. They will continue to grow as expected ex recession.
a
6.5M shares shorted now which is 40% of the floating stock. This is very bullish. The stock currently is highly under valued. Institutions are accumulating the stock between 12.15 and 12.60. Currently consolidating and making a very nice base. Just a matter of patience of few more days for this to fly. One month short term Target is 17.

Please ignore all the business downturn theories. Media suggestion ( ZACK or Yahoo) to sell is indication to buy more and catalyst to catapult is near.
V
All right, just got in for 5000 shares. Needed to break below 12, now let’s go baby! Ready to buy 2 more lots if it drops more, but I think we will reverse soon and climb over 15 within a month or so. After next earnings, we should see a nice pop as management has a solid plan and have been overly conservative in their guidance so there will be a beat next quarter. For gaming, the new consoles will be a major catalyst in the reversal to get us back over 25 and beyond.

The new product lines will make CONN an even more profitable business in the long run and we will see new highs in 2020. GTLA
Y
Conn's is up 8.81% to 19.14
B
very surprised at the equity reaction. i thought it was a strong quarter. this companies free cash flow YTD is 270 million. the market cap is 330 mil.
j
Upgraded Today By Research Team.As stated on TD Ameritrade quote summary.
Bullish
O
Bought 9,725 Shares @ $12.38 ..Gettin' Ready for the REBOUND!!
Bullish
D
Zack's Research has a grudge against this company as they sent out 2 SELL reports on CONN on press releases just 7 days apart last week. This is preventing any buys and all these are people selling for tax reasons and the market makers are just pickup up bottom feeding.

Zack's Research two sell press releases on CONN has caused the stock to fall further than expected: One appeared on December 13th and the other press release, yesterday on December 20th just 7 days apart:
https://finance.yahoo.com/news/strong-sell-stocks-december-13th-141702299.html
New Strong Sell Stocks for December 13th
Zacks Equity Research•December 13, 2019

https://finance.yahoo.com/news/moving-average-crossover-alert-conns-162004546.html
Moving Average Crossover Alert: Conn's
Zacks Equity Research•December 20, 2019
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
finance.yahoo.com
B
CONN earn good money.
They Will make a new share repurchase program.
Will it be the same amount 75 M$ they could buy back 1/3 of the outstanding shares at these levels.
Bullish
D
June 4th and 5th there were 3 insider buys by the Chairman, COO, and a director for some 25,000 share in the $17 -$17.97 range. That is over $5 more they paid. Shouldn't we see more insider buys now???????
6/5/2019 William E Saunders Jr Director Buy 10,000 $17.97 $179,700.00 43,743
6/4/2019 Lee A Wright COO Buy 5,882 $17.03 $100,170.46 203,189
6/4/2019 Norman Miller Chairman Buy 11,765 $17.03 $200,357.95 388,761
W
Will this help or hurt the stock? "CONN has earned itself a Zacks Rank #1 (Strong Buy)"
Bullish
B
This stock is way undervalued at these levels.

I know CONN has a couple of main issues:
- Same store sales decline of wopping 8,4 %
Market hates declining growth. And my experience is that market values negative growth stocks with a PE of 5-6.

- Delinquency above 1000 (10,1%)
Last time this was an issue for CONN the stock price was below 10. But this time I do not think this is so big an issue, also since delinquency is something other companies struggle at.
https://wolfstreet.com/2019/10/25/subprime-auto-loans-blow-up-60-day-delinquencies-shoot-past-financial-crisis-peak/

This time around CONN makes money with the Credit model... They didn't 5 years ago.

Pro's
- Repurchase of 75M$.
CONN used 59M$ of this programme and still has 16M$ left for the last quater. Let's say they buy back @13 average. They can accumulate 1.200.000 more common shares. And end up with 4,3M of common shares.
This is 15% of outstanding shares, they will eliminate leaving 24.794.062 shares left in the market!!!

- PE for fiscal year 2020
With an expexted operating income of 66M$ and only 24.794.062 outstading shares.
EPS = 2,6
PE = 4,86

The stock price for 13 under the condition for CONN is undervalued.
It should be valued by marked between 14 to 16. NOT 12,50.

IF CONN resolves same store sales, this stock is going to sky rocket into a valuation of 25 to 30 already by next earning release.
a
don't sell. we'll start recovering in a shortwhile. they are bringing it down below support level to buy the shares from technical analysts.
j
Ford has stock price close to Conn. Earnings are .12 while Conn consensus earnings for quarter is .34. Future quarters .54, Ford has declining sales and no growth prospect.With 18-20 more stores coming this year,which stock would you rather own in the $8. dollar range.
Bullish