Build-A-Bear Workshop: Turning a Corner
Ben Axler submits:
Shares of Build-A-Bear Workshop (NYSE: BBW, $6.05/share), are slowly getting the attention they are due from the Street as both its core business fundamentals are improving and new growth strategies are being implemented. However, shares are still considerably undervalued despite a recent rally from a low of $4.50/share earlier this month.
Despite these bullish indicators, Build-A-Bear’s shares remain precariously shorted with nearly 1.5 million shares short or 10.8% of the estimated float. Among other things, the shares may be benefiting from shorts scrambling to cover as technical factors suggest the price may have found a bottom.
Investing, Long Term Investment, stock market | admin February 25, 2010
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