I’ve added 1-800-FLOWERS.COM (NASDAQ:FLWS) to my watchlist. 1-800-FLOWERS operates as a gift retailer in the United States. It provides various gifts products, including flowers, plants, gourmet foods, cookies, cakes, candies, wine, gift baskets, and other gifts to customers worldwide. The company is enjoying strong YTD sales growth and is expected to continue to grow sales in 2006.
The company has a fairly stable gift-giving business and provides a service that almost anyone can use. I don’t see revenue suddenly growing, but I don’t see revenue suddenly dropping either. I expect consumer spending and confidence to be strong in 2006. I don’t see much of a reason for FLWS to remain so low. I am looking at a chance to pick up shares of FLWS at under $6.50. I expect shares of FLWS to trade above $7 in 3-6-months and $7.50 in 6 months-1 year.
FLWS 1-yr chart:
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