Josh Arnold
Long/short equity

Stage Stores: Robust Growth At Discount Prices

Stage Stores (NYSE:SSI) is an owner-operator of discount retail stores across the country under brand names Steeles, Goodys, Bealls, Peebles, Palais Royal and Stage. The company sells moderately priced brand name and private label merchandise in family apparel, footwear, cosmetics, accessories and home décor through its various retail channels. The company operates over 860 stores total and also offers its goods through its website. The stock recently hit an all-time high of nearly $30 but has since pulled back sharply to trade below $23. After such a violent pullback the question for investors is whether the pullback was warranted or not. I'll argue in this article that the pullback in Stage Stores was a gift to long-term, value...

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