Hi,Each company and situation is different and you cannot judge how long it will take for the value to be unlocked in case of a value play. That said, i disagree that this is a pure value or without growth component. the company is still opening new stores not only in us but overseas. just see the acquisitions in france, australia and how many store they have there now. Even my Professor at school felt it was a value trap. means p/e keeps getting lower. However, with 14$ of equity / share and some cash, i see very little downside at this price level. I ran a reverse DCF to see what is baked into the price. Even if the company were to grow revenues at 1% with 15% discount rate, i got a 26$ intrinsic value. Seems like a good margin of safety to me.
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