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Thomas Renna
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Since graduating Rutgers University (B.A.) in 1990, Tom has worked in the financial industry in various capacities. visit www.equitiesresearch.com
My company:
Equities Research, LLC
  • Penny Stock Joe's Jeans Reports 4th Positive Operational Cash Flow Quarter  0 comments
    Jul 17, 2013 7:40 AM | about stocks: JOEZ, VFC, RL, UA, TRLG, JNY

    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<

    Stocks: JOEZ, VFC, RL, UA, TRLG, JNY
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