Vince Martin
Long/short equity, value, gambling

The Container Store: The Decline Looks Like Too Much, But Who's Stepping In?

In early October, with shares of The Container Store (NYSE:TCS) already down nearly 75% from post-IPO highs in early 2014, I wrote that "it could get worse" for the stock. But certainly I didn't think it would get this much worse:

(click to enlarge)

source: finviz.com

Shares fell more than 41% in trading Friday after the company released third quarter results after the close on Thursday. But, truthfully, the report didn't look that bad: Q3 comps were positive, at least. Some of the margin pressure leading to an EPS miss (and a reduction in full-year guidance) appears to be relatively one-time in nature, and this is a growing company in the midst of rolling out three

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details