[$KIRK] Kirkland's Inc

Specialty Home Furniture Retailer in US with 346 stores trading at ~50% discount to its liquidation value

Thesis: Kirkland’s operates a total of 346 stores in 35 states and an e-commerce website. There were founded in 1966 and sell mainly home decor (furniture, interior decor etc.). They mainly cater to value conscious crowd. Starting this year, they are looking to moderate their growth in higher price point items such as furniture and moving to lower price…