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MIK - Michaels Stores' New CEO Has A Lot Of Work To Do
The Michaels Companies Inc.
It's true that Michaels Stores (MIK) stock is one of the cheapest issues in the market. It's also true that Michaels is in very serious trouble at the moment, which supports that valuation.
Even after a big spike in the past few sessions, after the company brought on a new CEO, MIK still trades at roughly 4x fiscal 2019 (ending January) EPS guidance. P/FCF, using the trailing twelve-month total, is 3.3x. There are few cheaper stocks in the entire market, even in the pressured brick-and-mortar retail space.