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TTS - Tile Shop: Plunge After Surprise Delisting (Still) Doesn't Look Like An Opportunity
Tile Shop Hldgs Inc.
As an investor willing to invest in dented deep value plays, I can see the appeal of Tile Shop Holdings (TTS). TTS shares plunged 66% on Tuesday after the company released second quarter earnings — but it wasn't the earnings report alone that tanked the stock. Tile Shop announced that it would voluntarily delist from the NASDAQ Stock Market, effective next month.
It's an enormously surprising move in general. The only stock I remember delisting voluntarily without an obvious catalyst (such as a sale or liquidation of the company or an inability to