Stockchase Opinions

Hap (Robert) Sneddon FCSI Liquidation World LQW-T SELL Mar 25, 2011

We have a little bit of a double bottom here. If it breaks $0.50 then get out of it. Don’t consider buying it until it breaks a dollar.
$0.490

Stock price when the opinion was issued

specialty stores
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PAST TOP PICK
(A Top Pick Nov 15/10. Up 27.08%.)
BUY
New management has refurbished a number of stores, which are now starting to see a good pick up in same store sales growth. If management can continue to execute, this can be a very good stock in a couple of years.
RISKY
They are at a critical juncture right now. They have to have earnings from Christmas. In old stores, same store sales are going down. They have been opening new stores and rejuvenating old ones and now same store sales are going up. They are not out of the woods. There is a lot of risk.
BUY
Part of the pressure on the share price is related to financing they are in the process of doing, which they announced last week. New stores are doing quite well but half of the chain is still in the older stores. There is some strategic value here.
PAST TOP PICK
(A Top Pick Nov 15/10. Down 52.6%.) Got Sold out using a stop/loss at around $0.90 but still holds a piece of their debt that he is very comfortable with. Got squeezed by the bank and ran out of capital. Company is now up for sale. Still some value.
PAST TOP PICK
(Top Pick June 8/10, Down 89.43%) They were just losing too much money.
PAST TOP PICK
(A Top Pick Oct 7/10. Down 93.47%.) At the time, they were re-branding a number of their stores and were having positive sales momentum. Got up to $1.40 and then they started missing their numbers. Got out stopped out of most of his holdings at $.90 but still holds a small position.
HOLD
You get 6 cents per share. This was a mistake. Thinks this is a done deal. If you cannot make money in the Christmas quarter, you wont make money all year.
PAST TOP PICK
(A Top Pick Nov 15/10. Down 94.27%.) They essentially ran out of capital. Took a stop loss on it at around $.90, so did okay.