The Dick Smith Holdings Ltd (ASX: DSH) share price has skyrocketed again today, lifting another 24.3% to 43.5 cents per share.
The share price has risen 55.4% since Monday's closing price and more than doubled since the shares bottomed out at 20 cents on that same day.
Although those gains might seem impressive, the shares remain considerably below the price they were trading for last week.
The company itself is not in a healthy position. It booked a $60 million writedown on inventory on Monday and is now trying to sell millions of dollars of its products at heavily discounted prices.
While shares of rivals like JB Hi-Fi Limited (ASX: JBH) aren't as cheap as shares of Dick Smith, they're more expensive for a reason and could well make for a better investment today.
