CONN'S INC (CONN) - SELL SHORT
CONN stock is approaching levels not seen since 2006, when easy credit allowed consumers to purchase a variety of items across CONN's categories, including consumer electronics and home furnishings and appliances. While the Company is considered a specialty retailer, the real engine behind its growth is its in-house financing arm, and I believe that this segment is becoming an area of risk given the stock's 150+% gain in 2012.
EXHIBIT I: CONN SUMMARY STOCK INFORMATION
CONN is a specialty retailer operating 66 retail locations with 57 stores in TX, 6 in LA, 2 in OK, and 1 in NM, offering products within the home appliances, furniture and mattresses,...
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