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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (40263)	11/24/2010 12:31:43 PM
From: E_K_S	Read Replies (1) \| Respond to of 78742

Hi Arthur - Re: Stein Mart Inc. (SMRT) Interesting find. There has been some insider buying in June and July by Jay Stein. I also see that their dividend payment is not consistent and in 2009 was discontinued. I am not sure if they now plan on paying a quarterly dividend soon but their announced special dividend ($0.50/share in December) is a positive. I do like that they have little or no long term debt. Company sells for 1.7x book and has a very respectable price/sales ratio of .36. The stock is selling above its 200d MA and 50d MA so buyers seem to be anticipating a good quarter already. I am not so sure the stock can be classified as a deep discounted value buy. I am no expert on retail companies and someone else can provide their opinion from that perspective. For me, it's worth watching and maybe a swing trade if the price is right. EKS