Weekend pastime anybody? How about posting your single best idea for 20% or more gain between now and 31st December, 1998.
I would recommend shorting CPQ at 34, but since you guys probably don't want to do that then I would recommend going long WTSLA.
I recommended it earlier Message 5605230, and I bought more a couple of weeks ago at 17 and 19, it is now 24/shr. I believe it is still undervalued, but it is volatile so if you invest as always be cautious. jajajajajajajajajajajajajajajaj!
TheStreet.com mentioned it in an article this weekend.
Richard Geist (11/17)
Wet Seal (WTSLA:Nasdaq) is a chain of 414 clothing stores for young women in the U.S. and Puerto Rico. Small-cap advisor Richard Geist of Richard Geist's Strategic Investing newsletter notes that the stock appears undervalued based on its price-earnings ratio. At 24, it sells for under 15 times earnings, compared with a P/E of almost 25 for the retail industry.
The company, which offers brand-name casual clothing in high-traffic malls and via catalog, has posted a five-year annual growth rate of 24% through January, and its earnings have grown an average of 39.5% during the same period, says Geist. Analysts foresee 22% annual growth in earnings over the next five years.
"We think that Wet Seal is an undervalued situation which potentially can provide shareholders with significant growth in the next two years," Geist says.
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