TSX:ROOTSpecialty Retail
Roots (TSX:ROOT) Stock Finds Support In Trailing Profit Despite Wider Losses
Roots went into this earnings print with the stock at CA$4.08 and a mixed recent run, roughly flat over the week but stronger over the past month. The headline is not the quarterly loss. The real story is that the retailer now shows a small profit over the last twelve months while quarterly revenue holds near CA$49.5m. That combination gives traders a tug of war. In the short term, the red ink in Q2 can spook sentiment. Over the longer term, a profitable trailing year and a modest price to...