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Strategies & Market Trends : Value Investing

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To: Sean Collett who wrote (73366)	8/15/2023 12:40:37 PM
From: Paul Senior	Read Replies (2) of 78753

BIG. They were among the few stores open during Covid lockdown where you could buy furniture. Open was (legally?) justified I believe because they provided foodstuff. So they really prospered then. They sometimes get their inventory wrong, and that hurts them. Looks like their debt/equity is high. Clientele are not of the highest class. Shoplifting is a problem. Argument against them is that yes, in prior times, they were cheap. Now though, people say Walmart, others have same or equivalent items at cheaper prices. Imo, offsetting that argument is that prices are sometimes pretty attractive if you use their discount card or shop on special 20%-off days. Which I do. I have held varying position sizes in this company and discussed it here for more than 20 years. In my current holdings, I'm underwater and don't now see a way to move to green. I'm holding, not adding.

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