CATH - I like like I hear and see from this store fundamentally speaking. There is not one out here in the NW that I can find. Is anyone familiar with this store and have one nearby? If so, next time you are close, stop in on a weekend and take a look at the store and tell me what you think. Good merchandise, prices, and are they busy? Speak with the Manager there and find out what she thinks about management and prospects of the future.
This may seem like a small step but you may be surprised what you can find out from managers of these stores. While I was travelling some years back I stopped in 3 of the Fifty-Off stores (FOFF)and spoke with management. They painted me a pretty bad picture, much different than what I heard from IR and PR announcements. Their same store sales had been slumping but when speaking with store personnel, it seemed much worse. I sold a couple weeks after that. Not long after that, they filed BK and dropped off trading altogether.
Too bad to because FOFF was one of my major success stories, and I traded them many, many times. Very sad to see them fail. They may still have a few stores up and going. Back then, their main competition was Dollar General and Family Dollar (FDO), FDO is doing very well now.
Anyway, CATH looks interesting...not a rocket but perhaps a good intermediate play with retailers coming back now.
biz.yahoo.com
TJ |
