Tilly's: An Undervalued Growth Story
Lately, the mall-based retail sector has been in focus after several retailers released weak same-store sales. Other retailers are in the middle of a turnaround which may or may not work. One retailer that we think is undervalued and that Mr. Market is not "getting" is Tilly's (TLYS). What we like most about Tilly's is that while many other teen-retailers are in turnaround mode, Tilly's is still in the growth phase, operating as a young and growing company with no debt overhang.
Tilly's has traded between $12 and $17 for pretty much the whole year. And, as we'll touch on later, Tilly's is trading at very low multiples and deserves a much...
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