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Jackson,
I wish as well as you that this is finally a turnaround. And it may be it. But the signs you're pointing at don't shake me.
FGCI, a company I followed and once invested (up until last year) had filed for bankruptcy. Many insiders bought after the stock collapsed for missing a quarter, which in return triggered a bond call. Luckily I didn't buy back.
And, BTW, book value means very little. It's almost always inaccurate, and you have to do your own due diligence (dd) to estimate book. I think the brand is very valuable --so does FTL, a company that went bankrupt recently.
So be careful, and look for actual sign in the store that things are improving. And I want to see some strong changes in management to back up any turnaround.
Best of luck to you.
Marty |
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