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Mermel, I'm well aware of MIKs

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wadegarret Member Level  Thursday, 09/12/19 12:27:11 AM
Re: Mermelstein post# 64652
Post # of 64873 
Mermel, I'm well aware of MIKs

debt load, which is why I only value them at $10. On FRAN I hate to admit it, but I actually admit after doing more homework tonight that I undervalued it. Yes they made all their earnings from cost cutting, but if they can keep that up, and continue revenues at the same pace, they might just post $2.70 adjusted non gaap EPS going forward. I also hadn't looked at the balance sheet, and didn't realize they have $22/share book. However having found all that out, I still don't think that they are worth more than a 5 PE going forward, so maybe $13. I mean BBBY and MIK are huge in comparison, and only have 5 or less PEs going forward.

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