This stock has been quite the darling recently, since its takeover
of the Marshall's chain has begun to shine in the analysts' collective eye. Fundamentally, the company seems to have its act
together, and has been featured in the Oct 14 IBD. The article
highlights many of the company's bright spots, and points to a
bright future.
The chart, meanwhile, has been more than cooperating with the
fundamentals. There has been a breakout from both a short term
and a long term cup/handle formation, and with its relatively low
multiple and industry-leading status, there is no reason not to believe the stock will follow through. I bought in at 37.25 one
week ago. The stock is up to about 40 and change today. Will it
follow through? Comments?
Michael Burry |
