Stock price when the opinion was issued
(A Top Pick Oct 4/11. Down 15.98%.) Has done poorly over the past year. Took over a company that didn’t work out so they have been writing it off. Revenues have also been decreasing from $500 million-$400 million. President feels it will be another quarter or 2 before things turn around, so patience is necessary. It is still on his Buy list but he is less patient now than he was before.
Have a number of stores and are a leader in their field. Clean balance sheet, money in the bank and no debt. CEO said that the turnaround was going to take longer than expected and their revenues kept on declining. Sold his holdings a number of months ago at a slight loss.