Vince Martin
Long/short equity, value, gambling

Tuesday Morning: Comps Are Great, But Everything Else...

I'd be concerned if I were a shareholder of Tuesday Morning (NASDAQ:TUES) right now. And that's not necessarily because I think the stock is going to collapse (though a high short float and a still-uncertain future likely will cause volatility to remain rather elevated). I'd be concerned because, particularly as far as comp performance goes, the company has done an extremely impressive job over the past few years, a performance that continued into the company's fiscal 2016 second quarter, whose results were reported last week.

And yet those comps haven't translated into much in the way of earnings, with FY16 EPS now likely fall from FY15's $0.24. Gross margin hasn't improved much against levels seen a

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
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