What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings Stein Mart, Inc. (SMRT) - Quote Info
Re: October Jobless Rate Tops 10%      7-Nov-09 11:47 am    
Tell me you're not serious! Buying on emotion without research is really lame. The numbers say SELL. Check out Yahoo Finance key statistics and Vector Vest. Yes, there's been momentum in the stock price and this often happens even with weak foundations--which is certainly the case with SMRT. Emotional retail buyers are propping up the stock price. Institutions are exiting (1.9 m shares in the last recorded quarter.) I got out in the high 10s as I thought the upside was limited. It turns out, my exit was ill timed, but I believe it will go back and fill the gap. I'm glad I got out before it returns to $6 or lower per share. How long can this company continue to lose money before bankruptcy (as in other similar retailers: Mervyns, Gottschalks) becomes a real option? Bankruptcy would keep the company alive, but destroy the current stockowners' investments. The company would, of course, issue new stock, creating capitol to keep their stores open. Regardless of your theory that buying is good for the soul, it definitely seems bad for the portfolio if you do your due diligence.
Rating :
 (No ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

mtmn90

50/Male
Los Gatos, ...


View Messages

Ignore User

Report Abuse

View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
WASHINGTON -- U.S. unemployment rose by more than expec...
zombie_kill... Rate it 6-Nov-09 08:50 am  
 
buy smrt, better for the soul.
gooseneck_b... Rate it 6-Nov-09 09:24 am  
 
Re: October Jobless Rate Tops 10%
mtmn90 Not rated 7-Nov-09 11:47 am  
 
looks like a great christmas, boston pos...
gooseneck_b... Rate it 8-Nov-09 08:57 am  
 
I heard you said that with Journal ...
b_madoff Rate it 8-Nov-09 07:21 pm  
 
new haven needs to bulldosed over like bridgeport,...
gooseneck_b... Rate it 9-Nov-09 11:26 am  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last
< Newer Topic | Older Topic >

Stein Mart Inc. (SMRT)

Chart for Stein Mart Inc. (SMRT)
On Dec 18: 9.78 Down 0.82 (7.74%)
Symbol Lookup