The Michaels Companies (MIK) trades at 5.75x EBITDA with more considerable EBITDA margin than that of its competitors. It is undervalued. However, market participants should understand very well that the risk is significant. The Michaels Companies commenced to close stores in 2017, has tons of debt, and its sales are declining. With this in mind, in our view, the turnaround is quite unlikely. Market participants should understand the risks before touching the shares.Source: Getitfree
Business
Michaels was founded in 1983. It is currently headquartered in Irving, Texas. The company is said to