I am a zero under you, almost I am guessing 25-30 million but like you that is just my humble opinion either way ++ and ++ LOL. I could be way off, I haven't a clue about domains customer lists etc etc, I am to old school for that, like trying to understand Greek. They did $90-100 mil in revenues online right? So it is kind of a going concern and profitable if just looking at the online aspect of Dress Barn, I don't know, I hope they give us an inkling during the CC as if it is 9 figures that is an important factoid.
We already knew that a large hunk from the inventory $90+ mil their cost in the last Q would be added to the cash pile on the balance sheet the jump in the last Q was rather substantial, not all came from Dress Barn but I believe 50% did, we have to remember their was a clean pout of old stale inventory at Justice, Lane Bryant and Catherine's as well.
I think there will be an uptick in the prices for merchandise as I have said before as the close down will be happening during the holiday shopping season so advertising for the sales will not be as prolific as you have a captive audience already coming out shopping anyway and the national and local news since the announcement Wednesday has been prolific to say the least.
Every news organization nationally has covered it and pretty much every local media organization whether it be print or local news has covered it. Does not sound like much, but, it is, when you don't have to advertise heavily that you are closing a store let alone 550 it save quite a bit of money.
This summer/fall I have seen some local articles on closed Dress Barns being re-rented one now is opening as a Sketchers.
https://www.djournal.com/news/business/kings-crossing-development-to-open-skechers-location/article_c2400adf-65b9-54aa-9fe2-4fcb6e740fb8.html
That is another thing people didn't realize a lot of these long time stores have held premium spots in smaller locals and they won't/don't stay closed long. This surely helped with exits from many leases, long standing relationships and the ability to re-lease certain properties ideed helped.
All the doom and gloom that was showered up ASNA DB leases will BK them, then after that wasn't the case, oh the holdouts are holding their feet to the fire that 10-15% of landlords will screw them up, again not an issue, stores closing cash piling up, intellectual property sold more cash piling up and NO Debt payments due for a year.
The boogie man was a bedtime story as we knew it would be just like it was it was for FRAN, 2.0 mark it. Market cap will be 4-5X what it is today in March/April no matter what shorts do in between the end story will be the same end story, those that don't close out soon enough, will find themselves starting the year out negative, quite so.
We as holders don't lose a nickel til we sell, they on other hand continue to lose and lose more by the day once they miss that sweet cover spot.
Tick tock ladies, start making plans, would love some more games played actually so can double my position on the lows like I did with FRAN, got my plan gets yours shorty.
Would love a surprise sale of Justice like this sale f intellectual property happened, that one will be explosive and costly for some
Peace out.
We already knew that a large hunk from the inventory $90+ mil their cost in the last Q would be added to the cash pile on the balance sheet the jump in the last Q was rather substantial, not all came from Dress Barn but I believe 50% did, we have to remember their was a clean pout of old stale inventory at Justice, Lane Bryant and Catherine's as well.
I think there will be an uptick in the prices for merchandise as I have said before as the close down will be happening during the holiday shopping season so advertising for the sales will not be as prolific as you have a captive audience already coming out shopping anyway and the national and local news since the announcement Wednesday has been prolific to say the least.
Every news organization nationally has covered it and pretty much every local media organization whether it be print or local news has covered it. Does not sound like much, but, it is, when you don't have to advertise heavily that you are closing a store let alone 550 it save quite a bit of money.
This summer/fall I have seen some local articles on closed Dress Barns being re-rented one now is opening as a Sketchers.
https://www.djournal.com/news/business/kings-crossing-development-to-open-skechers-location/article_c2400adf-65b9-54aa-9fe2-4fcb6e740fb8.html
That is another thing people didn't realize a lot of these long time stores have held premium spots in smaller locals and they won't/don't stay closed long. This surely helped with exits from many leases, long standing relationships and the ability to re-lease certain properties ideed helped.
All the doom and gloom that was showered up ASNA DB leases will BK them, then after that wasn't the case, oh the holdouts are holding their feet to the fire that 10-15% of landlords will screw them up, again not an issue, stores closing cash piling up, intellectual property sold more cash piling up and NO Debt payments due for a year.
The boogie man was a bedtime story as we knew it would be just like it was it was for FRAN, 2.0 mark it. Market cap will be 4-5X what it is today in March/April no matter what shorts do in between the end story will be the same end story, those that don't close out soon enough, will find themselves starting the year out negative, quite so.
We as holders don't lose a nickel til we sell, they on other hand continue to lose and lose more by the day once they miss that sweet cover spot.
Tick tock ladies, start making plans, would love some more games played actually so can double my position on the lows like I did with FRAN, got my plan gets yours shorty.
Would love a surprise sale of Justice like this sale f intellectual property happened, that one will be explosive and costly for some
Peace out.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
