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)


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

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