Tuesday, July 7, 2015

Seeking Alpha: Summer Infant's Recovery Story Veers Into The Bizarre

Some companies have a knack for snatching defeat from the jaws of victory. While the latest setback to Summer Infant (NASDAQ:SUMR) - a management change brought on by an apparent attempt from prior management to steal trade secrets and form a new company - is not the fault of the business, it represents yet another weird setback in a story that has seen plenty of challenges on its road back.

The resume of Summer Infant's new CEO should bring some confidence, and the company's basic plan of prioritizing new product development and margins seems sound. What's more, and as bizarre as this may sound, I think there's an argument that a new product good enough to steal probably has some above-average potential. A higher risk premium moves my target down a bit, but Summer Infant should arguably trade 50% higher than it does today.

Continue here:
Summer Infant's Recovery Story Veers Into The Bizarre

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