Gavin Graham
Forzani Group
FGL-T
DON'T BUY
Mar 04, 2004
Dropped because of poor numbers. Smaller retailers are dropping out which gives less competition and greater margins. In the meantime, it's dead money. Wait for a turnaround.
Had a real good strategy for a while, but failed to execute. Getting tremendous competition on the low end of the market from the Wal Marts of the world which is eating up their margins.
Reported some very interesting numbers. Showing some strength in their overall operations. Some takeover talks are circling around them. Some analysts are looking for the high $20's.
Just acquired a competitor that was facing bankruptcy. Stock has come down substantially from its recent high. This is the first time that they've had a very good winter across the country.