At Home Group: Leverage Becomes An Even Bigger Issue

|
About: At Home Group Inc. (HOME)
by: The Value Investor
This article is exclusive for subscribers.
The Value Investor
Long/short equity, special situations, value
Summary

At Home sees continued pressure on same store sales and margins.

While its concept looks promising, At Home cannot escape the retail woes as well.

This is very concerning as the company is far too leveraged, and continues to focus on growth over margins.

With management not addressing leverage overhang, I cannot buy the stock despite a refreshing business model.

At Home (HOME) has been on a roller coaster ride in 2019, one with a bad outcome. Despite an impressive recovery this summer, these gains were made undone by a very weak share