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Take Advantage Of The Stage Stores Sell-Off

January 14th, 2020 · No Comments

  • The disappointment that led to a 50%+ crash in the shares pertains to the company’s old department stores, which had a disappointing Q4 after a fantastic Q3.
  • However, these department stores will soon all be converted to offprice stores.
  • Results from four quarters and 97 conversions show that these conversions lift sales by 35%+, so investors shouldn’t really worry that much about the old department stores’ performance.

Source: Take Advantage Of The Stage Stores Sell-Off – Stage Stores, Inc. (NYSE:SSI) | Seeking Alpha

Tags: SSI