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MIK - The Michaels Companies: Green Shoots Well Recognized By The Market
The Michaels Companies Inc.
Michaels (MIK) in essence is a very interesting specialty retail chain which has been cheap for a long time as investors fear the future of its business model in combination with a significant leverage position. This makes it ill-equipped to deal with the current crisis, if not for the reason that consumers have more free time and they use more craft, art tools and other home projects for which they might just get the supplies at this specialty store chain.
I looked at the shares on the first day of the year, as