TCS - The Container Store Is Cheap - But That's Not Quite Enough
I don't pretend to know why The Container Store (TCS) dropped 41% after fiscal Q2 earnings on Halloween. Of course, I'm also not sure why the stock gained 44% after the Q1 release. Q2 results didn't seem that bad from here - nor did Q1 results, which benefited from a shift of revenue out of Q4, look that good.
With TCS seeing added pressure over the last seven weeks amid a market sell-off, the net result is that the stock is back near the lows:
And though I've long