Intelligent investor put out a hold recommendation yesterday,...

Intelligent investor put out a hold recommendation yesterday, however its likely it would have been written prior to the gain yesterday to get through editing etc. The reasons were a bit unusual 1) we already know the dollar would impact margins before the 1H result 2) the margins to an extent were driven by liquidations from retail adventure stores 3) they look like they are extrapolating the reduced margins in 1H forever. The recommendation seemed to sit on the fence between a hold and a sell. See how it turns out i guess