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Strategies & Market Trends : Value Investing

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E_K_S
To: E_K_S who wrote (69858)3/2/2022 10:21:10 AM
From: Paul Senior1 Recommendation  Read Replies (1) of 78774
 
JWN/CTRN. In past JWN has often sold at 15x earnings, so IF company can make its lower $3 projection, it is possible that the stock might see $45 at some point (selling now up 35% today, at $26). Of course, it's a different environment than historically with so much more e-trade, more competitors, and I believe a continuing trend to more casual, less expensive clothes.

Again, CTRN is Citi Trends, which "operates as a value-priced retailer of fashion apparel, accessories, and home goods", primarily to black/hispanics in small towns. As I've said, I've liked this company's metrics and bought the stock early in the pandemic. I've ridden it to surprising heights, but unfortunately back down again too. I suspect the bottoming is ending about here, I'm adding to my position today on this profitable, well-run (imo), operation.

finance.yahoo.com
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