Not great news: guidance was reduced again within two weeks, and there was an accounting error. Still, the selloff looks like panic—pricing in a catastrophe—so I’m increasing my position. Curious to hear your thoughts!
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I think they’re in a bad place operationally and clearly in the head office - but seems the new CEO has the right plan on in store execution and then good to see no nonsense with the removal of the CFO as a result.
I’m going to remodel before adding but fairly sure this will look great value if one believes they’re not in terminal decline (which I doubt they are)
earlier today, I took the same action