David Guarino

The Truth Will Set You Free Vera Bradley

Following a terrible full year outlook during the fiscal second quarter earnings announcement, one would have surely thought shares of Vera Bradley (NASDAQ:VRA) would close down on a double digit selloff. After management forecasted full year revenue 6.5% below prior estimates and diluted earnings per share 15% below prior estimates, most investors have likely had enough and headed for the exits. I have been bearish on the stock for the past year (with good reason) and the lack of healthy financial data mixed with management credibility issues have all come to deliver what I predicted may happen in the Fort Wayne headquarters. However as I mentioned in my last article, it appears the company is turning...

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