RELL - I bought some yesterday while listening to the conference call. I thought it was very positive. They also said their inventory level went down for the first time in over two years. Sounds like there's a good chance that might continue. They expect that in the GES division at least.
The CEO does have a very odd perspective on buying back stock, though. In the past when they bought back stock, the price happened to trend down at the same time, and he thinks there was a correlation.
If their forecasting is somewhat accurate, with the stock trading a bit below tangible book value, I think it looks pretty good under 11 bucks.
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