SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Sunglass Hut RAYS- Will it ever breakout?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bleeker who wrote (798)3/8/1998 9:21:00 AM
From: marc chatman  Read Replies (2) of 971
 
>>How would investors perceive a one time charge by RAYS<<

If the charge is for closing down under-performing stores and trimming the fat out of SG&A, it would be very good news. Presumably, they wouldn't do it unless it boosted the bottom line. Of course, announcing a plan and actually following through with it are two different things. Hauslein, the "invisible" former acting CEO, did very little in my opinion to reduce overhead, although he did talk a good game.

The next thing to look for would be analysts raising numbers. If that happens, the stock could run up a couple more points. But I generally agree with the consensus that this is a dog of a company. The only reason I bought in was that it hit a hard floor at 6 and was a relatively good bet for a decent return (for patient investors). 50% is a decent return.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News