© 2019 by Cruiser Capital Advisors, LLC

A Dead Man's Hand

Updated: May 7, 2019

December 3, 2018 - Michaels Cos. Inc. (MIK) was pitched as a short by Cruiser Capital’s Keith Rosenbloom at the 2018 Kase Learning Shorting Conference.


We believe that margins for the company’s framing business will decline due to increasing online competition. The framing business makes up 15 percent of revenue and 33 percent of the net income. Meanwhile, Blackstone and Bain, the biggest owners of shares, have been trimming their respective positions.


Watch the complete Michael's Stores (MIK) short presentation by managing partner Keith Rosenbloom of Cruiser Capital here:



The adjoining slide deck to the video presentation is available to download at:


www.tilsonfunds.com/KeithRosenbloom.pdf.



Disclaimer

All information provided herein is for informational purposes only and should not be deemed as a recommendation to buy or sell securities. Cruiser Capital and its affiliated parties may hold a position in the securities mentioned at the time of posting, and may trade in and out of these positions in the future without further notice. All performance results are estimates and should not be regarded as final. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. This article may not be redistributed without the express written consent of Cruiser Capital Advisors LLC and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product.


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