Post by
Goldbuggy1 on Apr 02, 2016 8:29am
Q4 Report
On March 9th, 2015 this Company came out with Q4 Report for the year ending 2015. On this Report they showed company assets of $130 M fly out the widow from Goodwill bringing the value of this company down by that much. There SSSG on Q4 in Canada was only 0.3% and in the USA 0.5%, and maybe lucky to have that even. They never claimed money problems but yet they still cut there expected and previous stated store growth in 2016 from at least 10 New Stores to 4 or 7 depending on size. They cut or reassigned Office Staff in the USA and Canada by 20%. They cut there Dividend by 66%. Even this $2.5 M for remodeling their stores is on hold and day by day. This is not Good News My Friends! But yet on March 8th, a day before this Q4 Report came out, this stock closed at $8.18. Then 3 weeks later you are almost back to this same price. So what really has changed over these past 3 weeks where this stock should recover from this bad Q4 News? Has the Alaskan and Alberta Economy improved that much since then? Could this stock trade sideways for awhile until the next Quarter? Could it even trade at $9.50/share? I honestly don't know as I don't know the next number to come after shaking a Dice. But what I do know is that on the slightest Bad News again, which over the years this company has a lot of, including out of Kentucky and B.C. possible new Liquor Laws Legislation, this stock will drop like a rock. It did that on their best days in the past. Like I said before. Owning this stock is like riding in a truck full of Nitroglycerin. When the ride is smooth everything is okay. But hit a bump on the road and look out!