Two Cheap Retailers Worth Owning 2 comments
-
Font Size:
-
Print
- TweetThis
Here are two cheap retailers that fill three requirements, they have a large amount of cash, little or no debt and have sold off significantly the last year. Can they get cheaper? Sure, but as a former co worker of mine used to say, "you got to own something."
The first up is Charlotte Russe Holding, Inc. (CHIC) - it has $125 million in cash, or about $5.00 per share, as of 3/29/08. After the quarter ended, CHIC bought back 16% of its shares for $73.4 million. This reduced its cash balance to $52 million, still a nice nest egg, and no debt. The stock has lost about half its value over the last year, and is at $17.87.
The second stock is Christopher Banks (CBK). The company has $78.5 million as of March 1, 2008. Unfortunately for them, another $24.5 million is locked up in Auction Rate Securities. The share count is 35 million, so depending on what you use as your numerator, the company has either $2.00 or close to $3.00 per share in cash. The stock peaked at $30 and is now at $10. No debt either for them.
Disclosure - No position in either of these stocks.
Related Articles
|
-
The Seeking Alpha 100
See allThe top 100 stock
market authors
selected for publication
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most activeSee all
Instabloggers.
Top Instabloggers » -
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
This article has 2 comments:
How's the recession going?
www.marketwatch.com/ne...
Recession? What recession? Bush says the Economy is STRONG, just like our Dollar!
Hahaha!
Just the facts, please:
* All five of the key indicators used by the NBER researchers are below their peaks.
* The index of coincident indicators, which includes four of the five indicators, has not risen since October.
* Payrolls down by a total of 260,000 in the past four months.
* Payrolls have fallen at an annual rate of 0.5% in the past three months (Payrolls need to grow about 1% per year just to keep up with population growth)
* After adjusting for inflation, real average weekly wages are down 1% in the past year.
* Industrial production peaked in January and has fallen at a 4.9% annual pace in the past three months.
* Total business sales have plunged at a 7% annual rate in the three months ending in February.