Friday, July 11, 2014

Long Weekend Away

Heading over the Portland Maine today for some fresh sea air and Lobster.  Will likely not post much as only taking iPad.  Pretty forgettable week thus far, we will see what Friday brings.  The early news is mixed. RCII is down about 12% on reduced guidance (Rent-A-Center Warns of Weak Results).  I have been fortunate to have not had a MFI implosion since I did the re-boot.  Hopefully RCII can get Mojo back before next May. Also GPS is down on weak June sales (Gap Store Sales Unexpectedly Fell In June). Finally, to complete the hat trick, FSC is holding a secondary offering (Fifth Street Finance files to sell 13.25M shares of common stock) and the stock is trading down 40 cents this morning.  I suspect that might be a good entry price.

Have a great weekend everyone!

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