Singing the Monday Morning Value Blues Over Tuesday Morning

How excited I got over the weekend on my weekly search for net/nets (companies trading below their net current asset value), when I discovered an additional name gracing the very short list of qualifiers. That excitement was short-lived, however.

That new net/net is specialty retailer Tuesday Morning (TUES) , a 720-store chain that is yet another name in the retail space that is struggling. This is not the company's first trip to net/net land; it was qualifier after the 2008-2009 market meltdown, but things were a bit different then. Like many names at that time, it was hammered well beyond what it deserved, was still profitable and was legitimately cheap. It was a net/net that I owned for a time, and it was a profitable trade. Indeed, from February 2009 to December 2014, TUES shares rose from less than a buck to nearly $22. It has been mostly downhill ever since, with TUES currently trading in the $2.30 range...383 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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