Archie, the tables information came from Zacks Investment Research.
I asked for same store comparison charts for CLE and the chart posted is what it came up with. In regards to having the jitters, I would not be concerned about this stock, unless you are not in for the long term. At this point, the market is not interested in the retail sector for obvious reasons. The institutional holdings of CLE is 63%. This figure normally would be a concern, but we know they have no debt, so the big guys are running this show. In my OPINION, These dips in stock price are the result of the average John Doe dumping their stock, for lack of seeing quick performace. I have not seeen any major institutional dumping except for some during chistmas profit taking and tax loss takings, and when the instituitions get eye on CLE and the Fiscal figures in Febuary, that is when I would expect them to POSSIBLY take interest again. As somebody mentioned earlier, this is not a Tech stock. Performace for growth the past 5 years has been 55%, and with the continual addittion of new stores, you will see this stock as an excellent long term growth stock. The street guidence report from S&P is currently 3 buy, 3 hold. Here are the consensus estimates as of the 6th
current Quarter consensus Estimate
NEW OLD HIGH LOW EST
.49 .50 .53 .45 5
current Year concensus Estimate
NEW OLD HIGH LOW EST
.96 .98 1.0 .92 7
next year concensus Estimate
NEW OLD HIGH LOW EST
1.14 1.13 1.15 1.12 6
I also believe, just as CLE believes, that the stock is undervalued and it will take its course in due time. |
