Experienced growth stock investors know to expect a few bumps and
bruises along the way, but the lack of growth at Summer Infant (SUMR)
is starting to put the company's very status as a "growth stock" in
serious question. Companies with a truly standout array of products find
a way to grow in even the toughest of times, and management's go-to
strategy of blaming a challenging retail environment is frankly wearing
thin.
I liked this stock about four months ago, and thought
aggressive investors could look past some of the issues with margins,
debt, and organic growth. At this point, I am wrong, Wrong, and WRONG
about this stock. Although I can still see a path to better results and
returns, it would frankly take a leap of faith to buy the stock here
ahead of actual improvement in organic growth.
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Summer Infant Creating A Summer Of Discontent
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