As long time readers know, my favorite book for thinking about finding interesting investment opportunities is You Can Be a Stock Market Genius. While most investors focus on the "spin off" piece of the book, Greenblatt actually provides another message that is often overlooked: whenever you seen a rights offering, you should pay very, very close attention to what's going on.
Which brings us to Cache (NASDAQ:CACH). At first glance, Cache is not your typical value stock. On any metric, the company doesn't look cheap. The company is bleeding money and shutting down stores. The CEO just got fired, gross margins are shrinking as inventory needs to be marked down to move, and the company needs to...
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