MIK

Michaels Companies, Inc.

Consumer


Presented:03/02/2018
Price:$23.06
Cap:$4.20B
Current Price:$21.97
Cap:$3.41B

Presented

Date03/02/2018
Price$23.06
Market Cap$4.20B
Ent Value$6.31B
P/E Ratio11.77x
Book ValueN/A
Div Yield0%
Shares O/S181.99M
Ave Daily Vol1,880,782
Short Int17.25%

Current

Price$21.97
Market Cap$3.41B
Michaels Companies, Inc. is an arts and crafts specialty retailer, which engages in the provision of materials, project ideas, and education for creative activities. It operates through the following segments: Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's, and Darice. The company was founded by Michael Dupey in 1973 and is headquartered in Irving, TX.

Publicly traded companies mentioned herein: Michaels Companies Inc (MIK)

Highlights

The presenter is long shares of Michaels (MIK), describing it as an attractive “passive stock” with strong upside optionality via deal activity. The presenter believes it would be logical for MIK to acquire Jo-Ann Stores, a struggling competitor that has recently disrupted pricing in the industry. The deal would be immediately accretive by the presenter’s model, and would also open up revenue synergies and pricing stabilization for the industry per his thesis.

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Idea Discussion

Commentor 1 - 2 weeks ago

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