
Originally Posted by
BobMc
I still think Tritton will turn it around. I like the move towards house brands (much better margins), more of an online presence, they closed a number of non-performing stores, a redo of stores stacked to the ceiling, and a move towards less of a coupon driven marketing theory. (Although my wife is still getting coupons from them.)
Covid resurgence and supply chain issues were blamed for that horrible ass quarterly. As someone that is also dealing with supply chain issues I can relate, I also think it’ll be passing, much like inflation. Big issuance of cash into the marketplace had everyone with cash to spend, lotta people sick and not able to provide goods and services, perfect storm for inflation.
I predict a movement back to the $23 level by the end of October. Buy the dip!
Disclaimer: My recommendations are by no means a guarantee of financial success, as a matter of fact you may lose money, and you probably will.
Heh
Bookmarks