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Strategies & Market Trends : Classic TA Workplace
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To: Paul Shread who wrote (74368)5/23/2003 10:40:10 AM
From: reaper   of 209892
 
i didn't even know they were out of BK. that said, this smells like it might be one of those serial bankruptcy candidates. the fact that they closed a bunch of stores does not change the issue that WalMart, Kohls, Target and others are just KILLING them.

also, most of the stock is probably in the hand of prior debt / bond holders. these guys are likely to be sellers for a LONGGG time, which would tend to put a lid on any price appreciation even if the business is a little better.

Cheers
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