Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

Tuesday Morning's Turnaround Has Traction

At first glance, the year-end financial report shared by Tuesday Morning (NASDAQ:TUES) might appear disappointing, but a closer look shows clear progress under new CEO Mike Rouleau. The stock has had a tremendous run since year-end and is subject to profit-taking, but any near-term retrenchment affords an opportunity to establish or add to positions. TUES could trade back to its 1999 IPO price of 15 within the next year, suggesting potential upside of about 25%.

Background

I last wrote about TUES in December, when I shared my enthusiasm for the company following insider buying by its new CEO. I thought Brady Churches was a good hire, and I was very surprised to see him exit so quickly. As...

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