Stage Stores (SSI) operates department stores in rural towns across the U.S. via brands that almost no one has ever heard over (Peebles, Bealls, Stake, Palais, etc.). The company was on track for bankruptcy… (Note this is a highly speculative idea in a volatile stock with average volume below 1 million shares). The company bought 58 department stores from bankrupt Gordmans in … [Read more...]
Stage Stores On Clearance For Thanksgiving
Summary Post-earnings, the stock dropped -30% resulting in this undervalued opportunity. The stock trades at a 8.1% yield, and at a huge discount to both historicals and the industry. Insiders have been buying between $6-7. The insider buys in the past were good entry points. The buyback announced a day before insider purchases could result in a repurchase of … [Read more...]
