CPI Corp. (fka CPICQ)

[eddy2]

It is a chapter 11 not a BK as of yet don't be scaring of potential customers unless you want a lower price for a bigger spread for when they start shutting down the less profitable stores keeping the profitable ones to pay the interest on the growing ponzi debt that phantom earnings not realized starts taking effect.


To tell the truth I'm waiting for the same thing. there is just to much risk in them getting at those profits and should interest rates go up well that will be a double strike against us one of lower intrinsic value on any sale granted I don't believe they will sell a profitable store even if it does mean they can get at instant gains to take advantage of locked in revenue on the balance sheet.


For sure if a sale should be said that a store with positive returns is sold jump on it but I will tell you your not going to beat the ones bring out the news and as well with the negative earnings reported on the bottom line as well as the negative cash flow indicated things are going to fall back down shortly and you can't be a goofing off you got to have the numbers nailed to take advantage or for sure to stay head to head with the likes of guys like Sly.