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KIRK - Kirkland's: A Beaten-Down Retailer With Good Prospects Of Doubling In 2019
Kirkland's Inc.
Kirkland's (KIRK) is one of the many brick and mortar retailers that has seen its share price plunge in 2019. As a medium-sized specialty retailer in the Home Décor business, the market is currently valuing the company as if it will be bankrupt soon. This article argues that this pessimism is overdone and that there is a great chance for a big rebound in the remainder of 2019.
I will first discuss Kirkland’s recent disappointing 2018 Q4 and 2019 Q1 results. Following, I will argue that, while these results were bad, the decline