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Non-Tech : FIVE BELOW- We'll give them 24 months -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (2)7/19/2012 2:04:03 PM
From: Smiling Bob  Read Replies (1) | Respond to of 27
 
a whole lot of hype coming from this one
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Five Below surges 49% on first day of trading
NEW YORK (MarketWatch) -- Discount retailer Five Below Inc. (NASDAQ:FIVE) on Thursday surged 49% to $25.30 after it priced its initial public offering of $9.62 million shares at $17 a share. The Philadelphia-based retailer sells things from soccer balls to mini-lockers targeting teens and pre-teens, for $5 or below. The company said it expects to receive proceeds of about $72 million. The company, founded in 2002, has more than doubled its sales to $297.1 million in fiscal 2011 from $125.1 million in fiscal 2009. Its operating income jumped to $26.2 million from $6.9 million during the same period. The company expects its U.S. store count could increase to more than 2,000 locations over time from 192 shops in the eastern U.S. at the end of fiscal 2011.








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