2 stocks possibly to gain on earnings report: CATH, TSA.. We can't rely on overpriced, overvalued any longer. Time to focus on budding companies that could be the CHCS and BEBE of the future.
CATH: 21 Consecutive months for comparable store sales growth.
March 16, 1999: CATH reported record earnings and sales for the fiscal year ended January 30, 1999. Net income for the year ended January 30, 1999 was a record $7.6 million, or $1.03 per common share, compared to $44,000 or $0.01 per common share, in the prior year. Sales for fiscal 1998 were a record $295.3 million, or a 6.5% increase over the prior year sales of $277.2 million. Comparable stores' sales increased 8.9%.
TSA: Estimated EPS growth: 236%. The Sports Authority has announced it will cut back its 1999 store expansion from 45 outlets to 9 and close 18 unprofitable stores. Products now are grouped by sport rather than category. In February and March same store sales increased 5% and 2%, marking the first back-to-back positive readings since 1996.
-May 12, 1999--The Sports Authority, Inc. (NYSE:TSA - news) today announced the addition of Izod, Chaps, Cross Creek and Titleist Golf Apparel, along with Orlimar, to its apparel and golf merchandise assortment. These new brands will be available at select Sports Authority stores beginning this spring.
Could take a while for it to recover but TSA seems undervalued at these prices. Lots for turnaround left, stock was up on Friday. Maybe a glimmer here. |
