TCS - The Container Store Looks Like An Attractive Trade - And Maybe An Investment Too
For the past couple of years, it seems like investors have been trying to decide whether The Container Store (TCS) is just another retailer, or a company that can find a sustainable niche in a tough brick-and-mortar retail environment. Over that period, the market has changed its mind on several occasions. TCS largely has held a range since the beginning of 2016, with volatility increasing of late:
source: Yahoo! Finance
TCS' balance sheet admittedly adds to the swings: the company is levered right at 3x EBITDA at the midpoint of implied FY19 (ending