Gordman's Stores (NASDAQ:GMAN) is a retailer that operates about 90 discount stores in the Midwestern US. The company offers the usual discounter array of apparel, footwear and accessories at what it purports to be discounted prices. In other words, GMAN's business model is not dissimilar to TJX or any other low-price retailer. The company, which was founded in 1915, has seen some terrible financial results in recent quarters and shares have been extremely volatile as a result. With shares bottom fishing around their 52 week lows investors are left to wonder if there is any value left in GMAN or if this is a stock that should be left alone.
I'll argue here that GMAN's terrible...
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