Retailer Tuesday Morning Is A Speculative Turnaround Trade

WYCO Researcher
8.43K Followers

Summary

  • Retailer Tuesday Morning continues to be negatively impacted by the pandemic.
  • The stock price hit a new low on March 4.
  • This retailer, that relies solely on foot traffic for revenue, could be a turnaround candidate.
  • Osmium Partners controls the company.
  • The next quarterly report could be very weak.

Tuesday Morning home decor retail location. Tuesday Morning specializes in lower price name-brand merchandise.

jetcityimage/iStock Editorial via Getty Images

Retailer Tuesday Morning Corp. (TUEM) restructured during their 2020 Ch.11 bankruptcy and is again struggling to get past the impact of the pandemic. Since ecommerce is not part of their business model, they have to rely on foot

This article was written by

8.43K Followers
I no longer write for Seeking Alpha. B.A. in Economics; M.S. in Finance. I usually wrote about distressed companies and companies in Ch.11 bankruptcy. I am now fully retired after spending decades in investments.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of TUEM either through stock ownership, options, or other derivatives. 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.

I bought TUEM on March 4 and I reserve the right to buy additional shares in the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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