Tomato, re: SKO. Sorry I ever heard of SKO or mentioned it here.
Normally, I'd be inclined to see if averaging down would be appropriate. Now I'm not so sure. The stock's decimated, dropping below 5, we're facing tax loss selling, there's really no evidence of insider buying, and there's no indication that SKO can still compete profitably in the difficult discount segment.
OTOH, the retailing sector is generally down (but not necessarily for all retailers), SKO has had profitable years before, and they "should" (my quotes) eventually return to profitability. IF they do, the stock imo, being so undervalued, could (maybe) double or triple or more from here. I'll assume the business model which SKO's chairman says "remains fundamentally sound", is indeed viable, and I'll hold on to my position. At least to see if the stock stabilizes. For this one though, if people keep voting on it the way they have and the stock drops another point or so, I just may admit defeat.
What's your take now on SKO?
Paul |
