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                                                              160,000
                                                            320,000
                                                                 40,000
                                                                   20,000
                                                          Volume
                                                               80,000
                                                     3.4
                                                       3.0
                                                   4.0
                                                 5
                                                                     Jun 1972
                                                         3/1
                                                                     Mar 1972
                                                                     Dec 1971
                                                                     Sep 1971
                                                         2/1
                                                                     Jun 1971
                                                        up
                                                        Volume up
                                                                     Mar 1971
                                                        m
                                                                         Levitz Furniture increased 608% in 87 weeks.
                                                        V
                                                                     Dec 1970
                                                        p
                                                        p
                                                        p
                                                        Volume up
                                                        e
                                                        lu
                                                                     Sep 1970
                                                        V
                                                     40-week cup-with-handle
                                                     e
                                                     -
                                                                     Jun 1970
                                                                     Mar 1970
           New product: warehouse concept for furniture  Price  r  e  o  u sales. Consumers’ standard of living rises again.  .  g  e  g  t  s  80  70  S&P 500  60  d  d  d Sell: goes beyond  d  y  y  b  go  Sll  l l  50 upside channel line like  e  ke  i  n  a  s  py American Photocopy  y  c  o  c  m  A  40  36)
                                                                     Dec 1969
                                                                     Sep 1969
                                                                     Jun 1969
           N
             s
                                              IPO  O  IPO  O  *  2/1  Mar 1969 Dec 1968 Sep 1968
           Levitz Furniture–1970  Weekly Chart                       Jun 1968 Mar 1968
          Price =  20*eps   4.00    3.50    3.00     2.50    2.25     2.00     1.80     1.60   1.50      1.40    1.30    1.20    1.10    1.00    0.90     0.80    0.75   0.70      0.65    0.60     0.55    0.50    0.45    0.40    0.35    0.30    0.25    0.23    0.20    0.18    0.16    0.15    0.14
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