sman I look at that in many ways and it could be 1-2 months could within a month could be in two weeks, but agree within 2 months its folding money, end of story I think we all agree is is headed from the front pocket to the wallet.
Many things could happen but the last is a certainty and the entire market saw the last one, and for many especially the ones that have no idea about impairments/write down which I know very little but know its not folding money that's being lost, that I know.
But with possibility for some things and an almost certainty of others it is going to go back to folding money and by Dec if not before.
Company buying shares
Land Bryant/Catherine's sale
Holiday sales period approaching retail always get better media then govt. numbers etc People shopping spending money in general sentiment on negative leanings toward retail will wain.
Lastly and this is the certainty.
With just closing 45 Dress barns and 35 under performing stores and selling off their over sized inventory they knocked revenues out of the park and at the same time lost 75 money losing stores going forward, yes hurt markings a bit but the savings going forward think about it, you lose 75 $$ losing stores and their costs, rent, labor, electric etc etc, you lose revenue but you lose the most important losses and losses from 75 losing stores is a lot of $$ going forward. They also sold a lot of old inventory build up which they didn't make as much money on hurting margins but turned a lot of dead stock into green folding money. Short term pain, long term gain. Higher revenues while losing a lot of money is not a good thing, better a 3.5 billion dollar revenue company than a 5.5 billion dollar revenue company losing wads of cash.
Many were like they lost $420 million then how did pay off their credit revolver and increase cash by 28 million? Because the losses aren't paper money this explains it better than I could.............
Net loss and Loss per diluted share
The Company reported a Net loss from continuing operations of $420 million, or $2.12 per diluted share in the fourth quarter of Fiscal 2019, compared to Net income from continuing operations of $16 million, or $0.08 per diluted share, in the year-ago period. """"Excluding the non-cash impairment charges and other items as detailed in Note 2, the net loss from continuing operations for the quarter would have been $25 million, or $0.13 per share."""
This Q they are closing 75-100 Dress barns, margins will be down a bit again and will have those dumb ass loss of future revenue etc etc write downs but revenues will be up no doubt IMHO and cash will increase, inventory turned into cash they lose money but they increase cash at the same time. And they will lose less money than they would because they won't have the losses from the 75 losing stores they closed the previous quarter. Every closed losing store is positive going forward the media fails to point that out, among other things.
And then going into Q2 all the Dress barns 500 or there about will be closing and because of the period they are closing them the $$ they get closing those will be higher, less advertising and higher prices because the sales will not have to be so deep and the advertising so prolific as they are already coming ready to buy. 500 stores that is a lot of losses going forward that end and there is a lot of inventory that must be turn into cash as it has to go. That and it being the holiday season in general where all the stores do their best they will start 2020 righteous, and people buy stock for tomorrow, next week, next month so IMHO without a shadow of a doubt December it will be folding again.
But north of a dollar I may be alone in this thinking, I doubt I am but I see north of a dollar for good by end of October if not sooner.
But yeah December marks a turning of the page big losses will disappear from 500 stores and the increase in cash will be substantial from that and other stores because of the season, $2 easy peasy Japanesey.
JMHO
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