It is going to test its ATH of $180 by year end.

Joesph
Posts (849)
Guys it is going to 1$ and we will start to see reverse split again and again. They don’t know how to fix the business. It is sad that Mithaq did not succeed.
Reduced to 54 USD
They don’t know how to fix the business. It will continue to go down look at the 2 or 5 years charts. Going to 1$ and then reverse split again and again. They will have to infuse capital or convert owners loans to equity. Massive dilution is coming. Sorry guys this stock is dead.
The stock is going to zero.
Started a position. Bought 76K share at $2.84. Will continue to buy total 250K shares.
See you in 10$ in 3 years.
I have listed lots of negatives and forgot to mention that cotton price is very high.
See you in 1$. Will consider to buy after capital raise and an appointment of a new CEO.
Negative comps (high double digit!)
Wholesale is down sharply
GM just ~20% (ex one time tariff income)
SG&A is up although sales are down
Sales down more than 40% in 3 years and continues to fall…
Heavy expensive financial debts!
Management is weak and has no proven track record in turnaround
Negative cash flow although inventory is down and a tariff credit received
Company has huge capital deficit mast do capital raise which will dilute the stock
I did not find not even one positive sign in the Q2 earnings.
Going to 1.0$ and then reverse split again and again. Sorry this is the reality.
No earnings in the near future and trading will be suspended soon… the business is going to zero. Why stupid people buy the stock?
Negative equity… who cares how big is the inventory. The business is not managed. They are losing a lot of money and soon will violate all covenants. They need infusion of fresh capital at lease $150 million it means huge dilution.
The stock is on the way to 1$ and then reverse split and you know the story.
