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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST

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To: Covenant who wrote (1055)5/8/2012 10:09:22 PM
From: Covenant1 Recommendation  Read Replies (2) of 1876
 
FARM is the type of company which makes a good investment if you think it is about to turn arund, something I'm not convinced of. It is a simple business which historically has been run conservatively. FARM was caught doing the same thing which worked for many many years while the competitive market changed, and has not figured out what to do yet. The conservative balance sheet allows for such mistakes, while levered companies would be facing near death experiences by now.
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