Accumulation and a breakout pattern are showing signs that TLRD will likely see gains of roughly 20%-30% within a 3-6 month timeframe. The stock has also outperformed expectations with every earnings call for the last year. I've taken a relatively high-risk call position with a $5 target, expiring on Feb 21st. That may be too soon for the movement, but I expect it to cross $5 within 1-2 months.
I just don't know the price is even holding at these levels with the dividend cancellation...
haylettc
⋅
@weensNbeans, Valid concern. Idk though, Michael Burry is long on it (or at least he was recently) and I think there's probably an opportunity here after they dropped Jos. A. They got in way over their heads with some bad deals and excessive ambition several years ago and I think they're finally making the tough decisions to flip things around.
That said, that's more of a long-term analysis. My short-term trade here is more due to price action and just how cheap options contracts on this are. Haha.