Investment Thesis

The company was trading at only 8 times earnings. They sold good, automated hair-cutting machines for the new self-serve SuperCuts. And the company was just about to open up China, Latin America, and the Middle East. One thing they all share: hair. And it needs to be cut.

So the thesis was that the company, growing revenues at only 7 percent a year now, would accelerate growth to 15 or 20 percent, and Wall Street's valuation perspective of them as being worth only 8 times would soon become 20 times earnings.

That was the thesis, anyway. Here's to hoping it works out. And here's to hair.