Atlas Shrugged
Long/short equity, special situations

Zale Corporation: Deteriorating Fundamentals, Aggressive Accounting, Equity Dilution, And Overvaluation

When a bleeding animal is cornered, it becomes desperate. This is the story of Zale Corporation (NYSE:ZLC), a mid-tier jewelry retailer which operates roughly 1,100 stores and 650 kiosks under the nameplates Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewelers, Mappins Jewelers, and Piercing P...

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