When looking for a multi-bagger stock, one has to find a catalyst misunderstood or unknown by the market. A prime example is the current ongoing turnaround at Stage Stores (SSI) where analysts don't even have earnings estimates for the stock anymore. The retailer just went through a disappointing holiday season, but Stage appears set to continue the turnaround in 2020.
Image Source: Stage Stores website
Off-Price Future
The investment thesis for Stage Stores is rather simple. The premium name-brand retailer is quickly converting to an off-price store strategy after acquiring Gordmans back in