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Strategies & Market Trends : Value Investing

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From: Arthur Radley	11/24/2010 11:52:40 AM
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If employment claim numbers continue to drop and spending increases then IMO some of the low cost retailers should do well. I dropped by a local Stein Mart(SMRT) on Monday(get my golf balls there since reused balls sink(water traps) just as fast as those expensive Titliest balls) and noticed that all five cash registers had people lined up checking out. This on a Monday morning before the sales are to start on Black Friday. Decided to take a look at the stock...and came away with a positive feel. Last Q earning beat, they have no long term debt, nice cash position......AND..they are issuing a special .50 cent dividend next month. IF customers are coming back....IMO SMRT might be in a nice position. I bought this morning at $9.82...the 5% dividend is a nice kicker and should hold the stock up until we can see how the rebound works over the holiday shopping.

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