BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul type="disc"><li>
Tuesday Morning (TUEM) reported its long awaited fiscal fourth quarter (June) results providing insight as to the collateral damage TUEM has suffered from rising freight costs outstripping comparable sales growth. TUEM reported fiscal fourth quarter sales ahead of our estimates, but the bottom line failed to impress with TUEM reporting a net loss and negative EBITDA.</li></ul> <ul type="disc"><li>We have been sounding the alarm bells related to inflationary pressures the business could experience from higher wages and increased supply chain costs but underestimated the sheer magnitude of impact.</li></ul> <ul type="disc"><li>TUEM has a new management team yet to make many changes to a business still requiring some hand holding.</li></ul> <ul type="disc"><li>We believe the sell-off was an overreaction to the new management team laying out the need for more time to restructure the business. Our price target remains $6.</li></ul>


Tuesday Morning (TUEM) reported its long awaited fiscal fourth quarter (June) results providing insight as to the collateral damage TUEM has suffered from rising freight costs outstripping comparable sales growth. TUEM reported fiscal fourth quarter sales ahead of our estimates, but the bottom line failed to impress with TUEM reporting a net loss and negative EBITDA. We have been sounding the alarm bells related to inflationary pressures the business could experience from higher wages and increased supply chain costs but underestimated the sheer magnitude of impact. TUEM has a new management team yet to make many changes to a business still requiring some hand holding. We believe the sell-off was an overreaction to the new management team laying out the need for more time to restructure the business. Our price target remains $6.

Tuesday Morning

TUEM: Overreaction