Sometimes, it's even painful to watch from afar. There are times you grimace after an earnings report - even for companies in which you'd never invest. I've been grimacing for Francesca's Holdings (FRAN) since it reported third quarter results on December 10th.
To be clear, I've never invested in Francesca's. Nor have I shorted it. I've watched from afar, quite critically most of the time, since 2012. Though we disagree on the investment thesis, I do respect the majority of the retail investors who were bullish on the company.
At the same time, I'm often