MIK News and Press, The Michaels Companies Inc. From 05/06/20

A few weeks ago I published the first article of a multi-part series on crisis investing. In that piece, we looked at the overall historical performance of the market and US small cap value in times of crisis. This was based on the Verdad Capital's paper entitled “Crisis Investing:...

This May, Michaels is Celebrating and Recognizing Those Using Creativity to Give Back The Michaels Companies, Inc., (NASDAQ: MIK) the largest arts and crafts retail chain in North America, is launching a month-long initiative to recognize consumers who are crafting, constructing and cr...

Shares of many household-name retailers plunged on Friday as the COVID-19 pandemic reared its ugly head again. Researchers from the Center for Infectious Disease Research and Policy at the University of Minnesota now say that the disease may continue to spread for nearly two years, potentially...

Pixelworks (NASDAQ: PXLW )  -19%  on Q1 earnings . More news on: Pixelworks, Inc., Second Sight Medical Products, Inc., Western Digital Corporation, Stocks on the move, , Read more ...

Earlier this year, I suggested the biggest threat to Amazon (NASDAQ: AMZN) wasn't a major competitor like Walmart but rather a gang of companies collectively taking action to combat the e-commerce giant's dominance. It's an effort that could take years to make a full-sized dent in Amazon...

The Michaels Companies, Inc. ( MIK ) operate Michaels Arts and Crafts stores in the United States and Canada. I have two perspectives about the company and a positive post-Coronavirus prediction. First, reviewing financial information the company reminded me of Macy’s ( M ): a well-kn...

Yesterday, I did a bunch of portfolio spring cleaning. This was long overdue, I might add. And unfortunately, this year's version of spring cleaning was particularly expensive, costing me $10K (400 Bps) in realized losses as I finally made peace with selling small legacy bets (investments made...

The retail sector has been decimated by the coronavirus crisis. Stores have closed en masse, inventory has piled up, and retailers have been forced to tap credit lines and debt financing in order to stay afloat. Like many retailers,  Michaels  (NASDAQ: MIK) , the arts-and-crafts pur...

UPS and Michaels offering consumers a safe and secure option to pick up packages and drop off returns outside of select Michaels stores across the United States This temporary solution meets the need for socially-distant interactions, while ensuring small business owners, makers and...

Shares of GameStop (NYSE: GME) , Hanesbrands (NYSE: HBI) , and The Michaels Companies (NASDAQ: MIK) , a handful of consumer goods and retail businesses, all jumped well over 10% Monday afternoon, with GameStop and Michaels topping 20%, after investors seemed encouraged by COVID-19 data ...