re: sym: they primarily sell suits/ties, is that right? If so, then my opinion is that relaxing of business dress codes and less-formal men's fashions contributed and will continue to contribute to reductions in sales/margins/profits for this co. and its competitors.
Since this company is family controlled and there is much assets associated with the firm, the management team is able to freely milk the company (at stockholders expense) for salaries, perks, nepotism. (First reason not to load up the truck on this stock.)
Sym is, or is close to being, a net-net. While sym may be an exceptional case (I don't see why though), because it falls in this general net-net category, it should be treated as such, imo. A position is warranted. But not loading up the truck on the thing. (2nd reason)
Or is it that my idea is different from other people's regarding what "loading up the truck" means?
And, OTOH -g-, I see that Franklin Resources and Tweedy Browne are (or were) top mutual fund holders. That they are in is a positive imo. And in large- apparently. So THEY seemed to have loaded up the truck. |
