Tuesday, February 21, 2012 10:34:58 AM
Seeking Alpha seems to think Hastings is worth $5.25 - $5.83 per share.
http://seekingalpha.com/article/338751-hastings-worth-more-than-it-s-selling-for?source=yahoo
I managed stores for Hastings for 4 years back at the turn of the century and still think this company has potential, unfortunately it is currently lacking any vision. They have done nothing "Original" and seem content to just show up late to the game and pick up the table scraps. Why are they not challenging Netflix with online service? BlockBuster is coming back and Hastings still sits on it's hands hoping that buying books for $.50 and reselling them for $13.00 will keep them afloat. No one buys books like that any more.
Hastings needs to get some visionaries and start trail blazing instead of just tagging along. Until then it will just simply "Stay Afloat" and investors will not jump on board when there are so many good buy's available these days.
Just my thought, it's a company worth more but with the current leadership it will never get there.
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