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Non-Tech : Tuesday Morning

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From: smaycs4	5/23/2017 2:16:10 PM
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Over the years, I have had a fantastic track record trading this stock. But THIS time, I'm sitting on some pretty big % losses. I averaged down again yesterday at $1.90 but my break even is much higher. They had a ton of insider buying in the past which I thought would mean good times ahead. Instead, they have had continued new distribution center issues and this time, it even led to a SSS decline. That was one area where they were doing well until last quarter. I think I compute a $4.89 book value so it would seem to have plenty of upside if they can just stem the losses and get back to profitability. There has been a little more insider buying with the price down but not as much as I expected or hoped for. I know retail is getting killed but TUES is in value retail which should be good for a few more years anyway. And if they cant right the ship, I would think that TUES would have value to some other players in the off price area.

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