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Tile Shop Holdings: Near-Term Catalysts To Drive Shares Back To The Double Digits

May 06, 2021 11:56 AM ETTile Shop Holdings, Inc. (TTSH)FND52 Comments
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Fishtown Capital


  • Tile Shop had a strong 2020, improving EBITDA over 2019 despite COVID impacts.
  • The housing sector and the NAHB Remodeling Market Index show increased strength even after a strong finish in 2020.
  • Shares have been steady while absorbing significant selling from former CEO and founder Robert Rucker.
  • Tile Shop paid down $63 million in debt last year from operating cash flow and enters 2021 debt free.
  • Relisting on the NASDAQ and resuming the dividend and share repurchases are catalysts that could return shares to double digits.

Beautiful bathroom interior in new luxury home with vanity, mirror, and cabinets
Photo by hikesterson/iStock via Getty Images

Tile Shop Holdings, Inc. (NASDAQ:TTSH) is a specialty tile retailer with 142 stores throughout the country. I won't go into too much detail on the recent, dramatic history of the company (you can read a great

Data by YCharts

This article was written by

Fishtown Capital profile picture
Individual investor and family office principal with over 20 years of investment experience. I favor fundamental analysis and look for individual issues and asset classes that are out of favor and represent a good risk/reward trade off. I often employ options strategies, covered calls on companies I own that have gotten ahead of themselves, and writing puts on stocks that I'd like to own at lower prices.Educational background Finance MBA (NYU Stern) with Computer Science undergraduate.

Analyst’s Disclosure: I am/we are long TTSH. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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