Struggling retailer at a cyclical trough; activist involvement and new CEO; extremely cheap on mean historical margins; signs put to point imminent turnaround
There has been some recent insider purchases. I own the stock and averaged down recently. I was somewhat reluctant because another value investor I am acquainted with sold his stake, but also said they are still following it. They were not happy with management but possibly some of the changes you mentioned plus the Gamco involvement addresses that. My feeling is people will be traveling abroad less, camping more and will be increasing their outdoor vacations and activities, which also will benefit the stores.
There has been some recent insider purchases. I own the stock and averaged down recently. I was somewhat reluctant because another value investor I am acquainted with sold his stake, but also said they are still following it. They were not happy with management but possibly some of the changes you mentioned plus the Gamco involvement addresses that. My feeling is people will be traveling abroad less, camping more and will be increasing their outdoor vacations and activities, which also will benefit the stores.