While I certainly do not promote this blog as an investment adviser, from time to time the analysis we learn in class, both technical and fundamental, can pay off. BAck on Oct 29, 2006 I noted that RSH stock was on sale for 80% off its 200 peak. It had all the earmarks of a turnaround, including Craig Hall's suggestion that it was a great stock pick. The president has been fired for lying about his college degree and stores were a mess. A new CEO and then CFO came on board and changes were being made. I even visited with a local RSH store manager and he confirmed the positive.
Well whaddya know, read RSH reports earnings. ON a day when the DOW was down 120 points, RSH jumped 3.25. And yes I did buy some below 20 bucks. Prior to the last grad class I offered to come in early to discuss the a column analyzing Ford Motor which suggested the company was apparently worthless. But I guess that wasn't of much interest, only one person showed up early......
DLE
Comments