Destination XL: Problems Worse Than I Thought, Discount To Earnings Not Enough
Destination XL (DXLG) Seeking Alpha·2024-08-30 21:59
kali9/E+ via Getty Images Destination XL Group, Inc. (NASDAQ:DXLG) Q2 2024 results were very bad, with comparables deteriorating from Q1 2024 and Q4 2023. The company has complained about low traffic and their carried brands underpricing them, signaling some challenges with the business model. Although DXLG continues to be optically cheap, the stock has ample cash reserves. I believe its management is sincere; the comparable figures lead me to believe that execution is a problem. In particular, if the cited ...