Opinions
The Panic-Proof Portfolio (Stockchase Research)
The Michaels Companies
MIK-Q
TOP PICK
Dec 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)
$10.110
Stock price when the opinion was issued
Consumer Products
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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
PAST TOP PICK
PAST 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
PAST 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