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
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