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QRTEA - Qurate: We Are Now Officially In A 'Turnaround'
Qurate Retail Inc. Series A Common Stock
Qurate Retail had a bad Q4.
Sales and margins were pressured by supply chain issues, poor product decisions, and a devastating fire at the company's second largest distribution center.
2021 free cash flow was the lowest in over a decade.
Management is officially in turnaround mode.
QRTEA has the potential to be a successful turnaround, but the company is less stable than I initially predicted.