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Shares of The Michaels Companies (NASDAQ:MIK) MIK rallied 22% on Mar 3, after signing a definitive agreement to be acquired by Apollo Global Management (NYSE:APO), Inc. APO for $5...
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The Michaels Companies (NASDAQ:MIK), Inc. MIK was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares...
WHY WOULD ANYONE GO LONG ON MIK.1. Their debt to equiry ratio is 115% - yes they have 15% more debt than assets. 2. They have over 500 phisical stores; the leases and other overhead must be ********them.3. Amazon, Hobby Lobby & Joann are taking their market share. 4. They might have sold more tjiw last quarter vs others yet this is comming from a low base but the stock has more than doubleld in tje last 3-4 months!!! 5. Look at M or KSS or even BestBuy way too much way too fast but more importantly the fact is this company has way too much debt, way too much overhead and cometition taking market share!!!!
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I don't own Michael's but every woman I know LOVES to shop there. Additionally, they hired THE Big Gun from Wal-Mart's internet sales. From the looks of the earnings report, She was a profitable addition.
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is it good decision to hold it now or sell?
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Why sell now when it appears they are righting the ship?
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I sold half my shares at 100% up
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wow！！rocket！
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Whose here because the Big Short guy went big on michaels? lol
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stabilize above 6?
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We're heading towards 5$ 🚀
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What makes you say that?
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Rick Schoder you see....
but I don't think It will go above 5$ for the short term, the company is in deep ********
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Will run like Riteaid RAD
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...and old shorts are gone, new shorts will drive this higher....big boys are moving their money around out of the S$P 500....analysis will have to reevaluate.
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like jcpenney and Sears. just wish I had more money to short