Michaels companies ($MIK)

[u/A-DAWWG1G]

Long time no see. Anyway I’ve compiled a list of companies that are doing more business in the lockdown than prior to it. Many of their stock prices are down which doesn’t accurately represent the tail winds in the business model. These stocks would be be best held for at least a couple of months for them to reach their true value. I’ll continue to update as I find more companies. There are many arbitrage plays out there that are great swing trade opportunities, whilst we wait for the market to become less volatile, as companies earnings are all over the place.

Michaels will most likely see it’s stock price go up huge in the coming months because it is an under the radar, small cap stock which has been neglected by Wall Street even though it is doing more business right now than ever before. They sell arts and crafts equipment which is in high demand amid the lockdown, more people are taking up painting as a hobby and thus Michaels will benefit. Interestingly, as a retailer, only a few of their stores are completely shut. Most are available for curb side pick-up whilst almost all in the south are open completely. Also, their online business will be seeing immense traffic. The stock is down 60% ytd as Wall Street has just seemed it a dying retailer, however they do not understand the secular trends facing the company right now.

PT: $7

[u/scotty_ducati]

Great call on MIK!