Post by
Zemoy190 on Dec 15, 2022 10:47am
Retail sector down 1.9% MoM,,,
Why does worst news always come out right before their earnings? ,,, last time was interest rates goin higher,,, and hopefully they have some of the cash generating some interest,,, holding cash is bad during high inflation,,,
Comment by
tomperns on Dec 15, 2022 3:04pm
Don't you worry. I'm hoping for 25 cents/ share earnings for Q3 and cash balance to reach $75M (through earnings and inventory turnover). At $75M in cash and a PE less than 2, I think we will start getting the attention we deserve and the share price to exceed $3/share within a couple of weeks.
Comment by
Zemoy190 on Dec 15, 2022 3:51pm
I agree am not worried,,, they are benefitting from the strong USD. Only thing I want to sea is strong margins and cash piling up. I think they should start spending a bit more building their e commerce presence! But is clenched for 5pm EST