Regis Corp. (RGS) – In Need of a Haircut

Elie Rosenberg is a value investor based out of Dallas, Texas. He is the founder and editor of Value Slant Regis Corp. (RGS) is the largest hair salon company in the world, with 12,700 worldwide locations. The recession has hit Regis same store sales (SSS) growth and the stock now trades at 5X EBITDA and a 16% levered free cash flow yield. The rate of decline in SSS has slowed and management is...