Josh Arnold
Long/short equity

Express: Great Company But Wait For A Pullback

Express (NYSE:EXPR) is a specialty retailer of apparel and accessories primarily in the US and focused on 20 to 30 year olds. The company operates about 620 retail locations and a handful of franchisee locations in the Middle East as well as its e-commerce site. Since late last year the stock has more than doubled from $10 to trade near its 52 week highs today at $22.50. The strength has come on the back of earnings beats and commensurate analyst EPS raises that have propelled the stock to current levels. With the stock closing in on its all-time highs at $26 the question for investors is whether or not the rally still has legs. I intend to argue...

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