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To: Goose94 who wrote (151578)	5/3/2023 1:38:04 PM
From: Goose94	Respond to of 203160

Aritzia (ATZ-T) tradin' @ ten month low...

To: Goose94 who wrote (151578)	6/19/2023 2:16:19 PM
From: Goose94	Read Replies (3) \| Respond to of 203160

Aritzia (ATZ-T) top pick from Teal Linde BNN.ca Market Call Monday June 19th @ 1200ET Aritzia’s stocks took a major hit last month after announcing strong quarterly results. It disclosed increased investment spending to support its industry-leading growth that is expected to contribute to a decline in adjusted EBITDA margins from 16 per cent to 12 per cent for the current fiscal year. Management, however, expects EBITDA margins to return to 16 per cent the following year as transitory distribution center pre-opening costs, inflationary pressures, and inventory storage costs subside. The company is now trading at 25 times the current fiscal year’s expected earnings. But upon normalized earnings expected next year, it is trading at a forward P/E of ~15. Given the company’s track record and ability to grow double digits in the years ahead in terms of retail square footage, revenues and EPS, Aritzia is unlikely to trade at such a low P/E by this time next year and therefore should be trading higher.