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researcher59

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researcher59

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Re: None

Tuesday, 12/31/2019 10:53:28 AM

Tuesday, December 31, 2019 10:53:28 AM

Post# of 113731
CONN -.22 to 12.11, looks oversold, down 56% from the September high of $27+. Discount furniture, appliance and electronics retailer has seen negative y/y comps but Oct Q3 adj EPS of $0.61 beat estimates for $0.55. Tangible book value is over $20. Just 18 months ago the stock was trading in the mid $30's, about 12x forward EPS estimates for $3 in FY20. It's now trading at just 6x FY21 estimates and at a deep discount to TBV. Tax loss selling is a factor.

I picked up a few shares for a trade and potential bounce in January.
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