Seeking Alpha

Among the criteria that we like in a company is large insider ownership and little to no debt on the balance sheet. Well, retailer Stein Mart (SMRT) fits that bill. Matter of fact, CEO Jay Stein is not only the largest shareholder in SMRT, but his grandfather founded the company. This is also Jay Stein's second act as CEO, after having gave up the CEO title in 2001. We think he's the right person for the job, and the market has reacted accordingly to the news, where the stock has been on a tear since posting an 8.2% increase in comparable store sales for May and 6% for August, marking the 5th straight quarter of strong comp...

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