Their stores are awful. It’s just a really crappy product. When it was 2 bucks a share it was easy to buy it anyway. At these levels it’s a pure trading vehicle. This doesn’t look like a company with a long term future. My wife stopped into one a few months back when we were traveling, and was laughing about how bad the store was.
Her attitude was “This is what you invested in?” With more then a bit of incredulousness
Yes honey, but we made a bunch of money on it. The real question is how much do those numbers come down. I would bet a year from now they are down a lot.
If the market doesn’t take a big hit I agree with you though. There is a decent chance of a 20% scalp.