Seems like you are right with at least some of these minority owned/managed businesses.
I worked for a company that partnered up with a minority bank, and part of my job was to work at the bank.
Being the only white guy that I could see in a black inner city community certainly got me out of my comfort zone. And gave me a different and better perspective on life.
I like (own shares of) CTRN, which I've mentioned several times. It's a retail apparel chain that's minority controlled I believe, which serves black and latinx communities. Financials - metrics - look good to me.
finance.yahoo.com.
cititrends.com
Clothing and who buys what and who doesn't buy -- that fascinates me. There are so many factors - societal, class differences, male/female, age. I've an opinion that in certain groups "looking good" "looking at least somewhat fashionable", not looking like a poor schlump - that is important. And thus worth spending money on. On another side, I see Nordstrom being recommended in this week's Barron's, and the comments thereto seem to be akin to "overpriced, who cares, would never shop there, etc,". This I assume from white, middle/upper middle class male readers of the mag. Fashion is unimportant or irrelevant. Oh well, just saying. (I have JWN stock as well - Nordstrom Rack always busy when I go there. Also sneaker/athletic shoe stocks.) |
