Josh Arnold
Long/short equity

New York & Co. - Turnaround Firing On All Cylinders

Women's apparel retailer New York & Company (NYSE:NWY) is a company that sells wear-to-work clothing and accessories in the US under various brand names within its New York & Co. branded stores. The company had some very tough years, and as a result, the stock had fallen into the low single digits in 2011 and into 2012. Back in February, I made a call that NWY was undervalued based upon its turnaround efforts. The stock, I maintain, was being discounted based upon the perception that NWY's right-sizing and sourcing efforts wouldn't pay off for shareholders. This article will take a look at NWY since then and the massive, roughly 50% run up in shares that has occurred to...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details