Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions The Panic-Proof Portfolio (Stockchase Research)
The Michaels CompaniesMIKTOP PICKDec 01, 2020
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)
$10.11
Stock price when the opinion was issued
$21.99
As of Apr 15, 2021. Market Open.
Consumer Products
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentPAST TOP PICK
(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%.
Consumer Products
Premium contentPAST TOP PICK
(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.
Consumer Products
Premium contentPAST TOP PICK
DON'T BUY
Recently reported an earnings beat, including rising same-store sales, and is entering the holiday buying season It doesn't have scale, not big enough to make him buy, like Bed Bath Beyond, Target or Costco.
Consumer Products
