Savvy Trades and Investments

[rado]

I have a FRAN position. They have been closing unprofitable stores and the CEO seems to have a clear, reasonable picture of what he wants to do. Hopefully there are no unanticipated costs associated with closing these stores, but they have already closed some of them, and returned to profitability. In the last quarter they were heavily discounting items that weren't selling to get rid of the excess inventory. Now with those gone hopefully the new batch have been selling with higher margins.