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No. of Recommendations: 2
The last 10 years have not been an easy time for people who like to buy cheap distressed assets, refinance them and fix them, and sell them at full value. They have muddled through unspectacularly, and have not succumbed to the temptation of offering high prices for mediocre assets, but it doesn't give them much to show for all their discipline. If there ever is a correction (of course, only a true permabear could even entertain the idea that stock prices will ever go down again), they should hold up pretty well, and we'll see if the new management is up to the challenge, but I suspect they will be.

I nibbled at some more this morning, #3 position. They could close the store and sell the furniture for more than the current price.

DTB
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