With a history going back to 1908, Stein Mart, Inc. (SMRT), is a 287-store, 30-state chain of retail apparel and domestics stores headquartered in Jacksonville, Florida. Its stock is trading for less than $1.00 and it has received notification from the SEC that its shares risk being delisted from Nasdaq. At the current price, its total market capitalization is less than $50 million, qualifying it as a nano-cap stock.
Stein Mart is in a precarious situation. It isn’t the only retailer seeing a deterioration in its same store sales and margins. Some troubled