The Michaels Companies (MIK)

(A Top Pick Dec 01/20, Up 117.6%)Stockchase Research Editor: Michael O'Reilly With the recent announcement that MIK would be purchased in a private buyout, we are officially calling this position closed out at $22. Combined with the previous recommendation to cover half the position, the total investment return is 73%.

(A Top Pick Dec 01/20, Up 116%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MIK is progressing well. We are recommending to trail up the stop to $16.50. This would all but ensure a minimum investment return exceeding 45%, including the recommendation to cover 50% previously.

(A Top Pick Dec 01/20, Up 28.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MIK has quickly achieved its $13 objective. To be disciplined, we are recommending to cover 50% of the position. We are also recommending trailing up the stop to $7.50.

Stockchase Research Editor: Michael O'Reilly MIK is the largest arts and crafts retailer in North America. It has benefited from the stay-at-home trend and now is poised for the holiday season. Recent earnings in September of $0.30 per share beat expectations of a loss. Revenues are growing by 11% along with same store sales. Earnings are going to reported this week. We would buy this with a $7 stop-loss, looking to achieve $13 -- 27% upside. Yield 0% (Analysts’ price target is $11.69)