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MIK - Michaels Companies: Earnings Estimates Continue To Slide
The Michaels Companies Inc.
While the Retail space (XRT) has provided investors with a few nice winners this year, investors in Michaels Companies (MIK) have unfortunately been left with proverbial coal in their portfolios. The stock is down over 55% this year vs. the 10% year-to-date return for the Retail Sector, and this has followed a 44% decline in 2018 for the stock. A couple of analysts have made a case for calling a bottom in the stock, but I have never seen any point in bottom-fishing among the weakest names, and especially those carrying