Intersting indeed a person after my own heart/mind in investing.
I don't nor have I ever focused on the minutia in retail to many SG&O NC&NBDY&HVDTY&BVGH and %of the flim flam of 3X lgX34YU=4X the CGO by the left quadrant of page four subsection G whatever
I invest in retail after the entire sector gets blown up which is usually every 8-10 years.
Then when the entire sector is priced for BK with many going BK left and right I scour the filings not as many retail/filing heads do, but enough to get the gist whether its a goner, can it be played in the first 9-12 months in between ER's or if it something I can look further into to go whole hog. Or is it a PIR now or JCP on death watch.
Those I won't play for obvious reasons I don't want to get stuck, when BK is not an issue your never stuck you cannot lose at the bottom. May not make bank flipping one in between ERs but you will get out and usually for a decent profit even if not a killer profit.
Then I take that one that I really believe in and do on the ground research, fly to a few cities, visit the HQ catch people in the parking lot, visit 40-50 stores, call every store over a period and try and catch a time I can speak to someone. I then scour the give. research reports on retail find out what the market is doing as whole and what the govt sees as a recovery window.
Then I scour the net to see sentiment, real sentiment from people and not just the odd the place sucks never work there, or they didn't kiss my ass or kissed it to much were to clingy and it sucked, or my pants tore when I tried to put my big butt in them.
I try to get an overall consensus then dig deeper and pay attention daily to what it going on read through dozens of search topics that come up, blogs, articles, tweets, Facebook Instagram etc.
If all that says its a go I am in. People are talking about it I am in, they are closing dead stores or stores in over saturated areas I am in.
The minutia all they only did was 3% of this, or 1.4% of that, or yeah sales are up but still not what they were?? And? So it should be priced like a lemonade stand and forgotten? Thats for those later that want to live with it I have a 1-2 year window depending and when buying for pennies on the dollar the tiny stuff is meaningless to me at that point. Show me IF it will make it and how weell, at pennies the accountant minutia is meaningless.
Did they do better, okay, will the do better next Q probably so what am I worried about at pennies? I am not or like FRAN a dollar something pre RS price which is what it is, they pushed the damn thing back under a buck till Chimera smacked them in the face. Einsteins the lot of them, headline pushers nothing more nothing less.
Thats where I think so many number crunchers and filings lovers overlook obvious stone cold diamonds and not little ones the Hope diamonds. They focus on the silliest thing when what they should look at is okay is this a steal, is there easy money to be made, may not end up being Nordstroms but it won't be broke either which is what its priced at.
Trips me out when people say, its a shitty store with 700 locations, well, I want to ask them what do you own? You have A store, can you build A business or fleet of them, then your opinion matters not, at least to me.
They cannot get past the numbers short term, the they have to do this and this and this and yeah it was okay bit can it keep up and but what about this gives me a headache.
When its priced for BK and that is obviously not gonna happen and the future looks good and there is a big increase that will come with the SP I am your daddy, come to papa. Will the stock get back to its all time highe 60-80-100 whatever it may be RS adjusted, I don't know, but I know it will get to 60& of that as long as things go as they have been.
Forget yesterday, forget the moment look at what is gonna happen, not what did happen, that is what speculation and making money in this game is all about.