Joe's Jeans Inc. (NASDAQ: JOEZ) last night after the market close reported positive EPS for the 2nd quarter ending May 31,2013 of $0.02 per share but shares are trading down today off 18% on volume of 6 million shares.
Equities Research is initiating a Strong Buy on the stock @ $1.50 per share this afternoon after the company reported positive operational cash flow for the 4th consecutive quarter.
Operational Cash Flow for trailing twelve months ending May 31,2013 : $10.9 million.
@ $1.50 shares are trading almost 10 times TTM OPS of $0.16 per share.
Statisitics from MorningStar Industry Peers
Ralph Lauren (NYSE:RL) 16 X OPS
PVH (NYSE:PVH) 22 X OPS
VFC (NYSE:VFC) 16 X OPS
Jones NY (NYSE:JNY) 33 X OPS
Under Armour (NYSE:UA) 32 X OPS
True Religion (NASDAQ:TRLG) 13 X OPS
Joe's Jeans Inc. (NASDAQ: JOEZ). Stockdiagnostics upgraded JOEZ @ $0.62 on October 14,2011 after the company reported FY2011 3rd quarter financials for the period ending August 31,2011. In 22 months since the upgrade shares are up 150%.
<click to JOEZ Stockdiagnostics OP chart<