From the UpdateWe've been waiting for share-price-changing news for a long time already.
Again, it's inferred that the business cycle takes time. What appears to me to being the most evident opportunity that has entered that cycle is listed in March 2015. 18 months out brings us to "not before" Fall 2016.
Applying the same rule of thumb, any relatively favorable announcement made in July brings us to a "not before" material change of Jan-Feb 2017.
The dissapointment is we're likely trading sideways until next Fall.
The opportunity is that given the likely dip, it possible represents the last genuine accumulation opportunity before something major happens.
Any favorable news (I'm not expecting anything major) between now and the Fall may simply maintain the share price or justify/de-risk accumulation a little.
If there is anything substantial about McWane or any other supposedly great connection, then it should materialize as an accelerated path to strong sales. So far, it has changed nothing.
Still holding, but watching for more than repeated recaps.