Shane,
Like Paul said, it is unclear how much retail belongs to Buffettology. There is some brand identity, but not necessarily a high moat. New companies may compete on brand or price in the same category and win the business from established players. Also there is a question of fashion, which is fickle, so it is difficult to expect any players last for 10 years.
Having said that, I presently own ANF and JNY. AEOS and ANF are in my buy territory. Others are not.
Here are my numbers from Buffettology spreadsheet, based on yesterday's market caps:
AEOS - 18% ROE, 18% expected annualized return
ANF - 25% ROE, 21% expected annualized return
BBBY - 20% ROE, 5% expected annualized return
JNY - 15% ROE, 14% expected annualized return
LIZ - 16% ROE, 12% expected annualized return
I have not recently looked at BBY, COLM, HD, LTD, but I will let you know if I do.
Jurgis |
