Last week Travis Werling published a Top Idea on Citi Trends (CTRN). For a look behind the idea, please see his interview with the PRO+ team.
Seeking Alpha: Can you discuss the mispricing here or why does this opportunity exist?
Travis Werling: I believe the market has become jaded on CTRN’s prospects after a decade of tumultuous performance that includes a collapse in gross margins, constant turnover within key positions such as the Chief Executive Officer and Chief Merchandising Officer, and the inability to sustain momentum when previous operational turnarounds have been attempted. While the