Congrats, Dave. You made 36% on a stock that the media had “left for dead” in the “retail-apocalypse”.
Good thing you didn’t listen to the media and stuck to our LI system. Good job!
The worse the sentiment of the masses and the worse the media coverage, the more I like it and the more I’m interested AS LONG AS a stock is fundamentally solid. Their $1 billion in cash was why I believed they had some time to turn their business around whereas so many others did not have the time due to their lack of cash on their books.
Buffett used to say, “When the tide goes out, you can see who’s swimming without their shorts on”. Well, when it gets bad in a sector, you can see who’s not been prepared and who still has time to turn things around.