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Merrill McHenry, CFA

 
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PRO articles cover stocks that fly under most investors' radar screens.
  • Bull Tipping - Mattress Firm Price Surfing Beyond Soft Financials
       • Wed, Jun. 11 MFRM 5 Comments

    Summary

    • "1 + 1" does not "equal 3": MFRM's expansion leads to cannibalization, over-saturation, and closures.
    • Taking franchisees out is hardly a sign of winning locations.
    • Jacking debt up 15% in Q1, along with Goodwill above half of Balance Sheet, and flat earnings guidance is no consolation.
    • Is the just announced CFO resignation a sign?
    • MSFT "case study" says the 2011 ERP decision was already implemented 14 months ago, but the 'efficient, scalable' incremental estimated "Non-GAAP" ERP budget more than tripled.