Originally Posted by
Beagle
KMD having to do a major cash issue at 50 cents is a very sobering reality check for investors in all retail.
The fact that the legendary guru of retail Rod Duke refused to participate, (despite the bargain basement price), should serve as a warning that he thinks the road ahead is extremely difficult and probably may never have been this challenging since the great depression of the 1930's.
For what its worth, in recent days my intentions have changed and I am not intending to buy back in to HLG until they can prove their business model is viable again.
The bear will determine the bottom price and I don't think we've seen that yet.