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Non-Tech : Vans Inc. BIG HUMONGOUS Earnings jump.

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To: John Prelip who wrote (161)6/17/1997 6:28:00 PM
From: Flan   of 403
 
Well if you look back I have owned this stock for the last two years and even as the stock dropped and fund mgrs and analysts questioned their business I stated for the record that the company would deliver superb numbers ( and they have) - If you look at the most recent qtrly numbers they were absolutley incredible. This company will easily earn 1.05 this year making it one of the most undervalued stocks around given its track record over the last couple of years of delivering 25 to 30% top line growth. I believe I know as much about this company as anyone. If you want to learn what I know about this company look back at my previous posts - unfortunately I do not have the time to spell out the whole story, but believe me it is good.

A few highlights
Srong Managemnt - Shoenfelds formerly of britanica jeans - they are conservative and guide the street to realistic numbers they can achieve
International sales are exploding - over 40% in the recent qtr - Mr shoenfeld indicated to me in a recent letter that the U.K distributor that they recently purchased is ahead of revenue and sales goals they set.

Same store comps in their retail stores have shown 15%+ growth in the recent qtrs

Future orders in the last conference call were already at levels 30% above where they were last year - and that is for this current qtr

No Debt 16 million cash on the balance sheet

Company stated orders taken for this years snow boarding boots were 30% above last years numbers

Improving margins

Well you get the point - Despite the NKE and Fila warnings - Vans business continue to gain strength. Will release on the 23rd of July.
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