In October 2012 Stephen Becker, for Drapkin Management purchased more than 2,000,000 shares of the Tuesday Morning Corporation stock at prices in the $3.76 to $5.97 range. Just 3½ years prior on March 6, 2009 TUES was traded for $.57 a share. Soon after his purchase Stephan joined and obtained control of the Tuesday Morning board. Stephan certainly caught a rising star because the stock price rose rapidly.
On August 23, 2013 Stephan sold 955,000 shares for $14.10 per share then proceeded to sell another 678,221 shares for $9.3 million, a total of $22.7 million.
In the past few years Tuesday Morning showed financial difficulties that still linger. During the reporting quarter ending June 30, 2013 they showed a loss before tax consequences of $63.4 million followed by the quarter ending Sept. 30, 2013, with a loss of $12.7 million. Although Tuesday Morning showed a cash balance of $13.2