Stein Mart Inc fka SMRTQ

[michaeldesanta]

Agreed! I'm in 7K shares. The dividend cancellation was a good idea. They're using it to pay down debt, which is something the likes of Kmart/Sears isn't doing and yet their stock is in the $7-$8 range. WTH? Market cap is around $60 million right now and they have 292 stores plus five more opening in a month or two. That's around a little over $200K a store...short interest has ballooned ridiculously in the last few months. Last CEO tried to attract millenials. WTH? Those kids order online only! Even I do for certain things, but not apparel and furniture.

I think we're bottomed or near bottom. I'm hopeful the new management and Bohan can help steer this ship around. Going to throw in another 2K on Tuesday. I see potential over the next 6-12 months around the $8-10 mark if management pulls it off and shorts run.