Kirkland's, Inc. (KIRK) - Bear of the Day

Kirkland's, Inc. (KIRK) again reported weak third-quarter 2011 results with earnings of $0.11 which was below the Zacks Consensus Estimate by a penny.

The company's healthy balance sheet supports its investment to bring about a better merchandise mix in its stores. However, the company's susceptibility to the global economic downturn coupled with stiff competition severely undermines the its future growth prospects and profitability.

The recommendation for the stock is Underperform as we prefer to wait until the company has fully reaped the benefits of the holiday season sales.
 
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