I have been following National Vision Associates for a long time.
The company was a wall street darling about 4 years ago when they
started operations as "Vision Center" located in WAL-MARTS. The
early success led to ambitious over-expansion leading to losses.
They expanded into Venture stores and also in many countries
aboard.
They learnt from that lesson and last year, decided to close all
foreign operations and decided to focus on quality and service
in the stores in WAL-MARTS. The stock has been turning slowly
from 2 3/4 to 4 3/8 over tje last few months and then comes this 5/8 point gain today with moderately heavy volume. Its old high is about 26. With Wal-wart gaining market share the shares of NVAL tend to
go up as well.
The company does very little advertising and it is not generally
known that it is "inside WAL-MART" but not part of it. This makes
it a unique buying opportunity.
Any old NVAL lovers out there? Individual Investor has recommended
the stock as a growth and turnaround story a few times.
All comments are welcome. |
