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Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Buying Retail 0 comments
    Mar 26, 2012 11:48 PM | about stocks: DSW

    I was thinking about two months what retail company to buy. Fact is, in a bull market you have to own retail. My problem was, most of retail companies I know are either not good, even my former favorite Kohl's (NYSE:KSS), or overpriced. After some research, I made my choice.

    Welcome DSW Shue Warehouse (NYSE:DSW). Not the first appearance in my porfolio, I made a quick trade couple of years ago. Now I'm buying it for long term. There are serveral reasons to buy.

    Company has good fundamentals, growing, has a lot of cash and no debt.
    I am a long term customer and like the stores. This is a very important thing for me, I would never buy retail company I don't like as a customer.
    Company is recommended by Jim Cramer. Sometimes I follow his recommendations and they (recommendations) made me more money than lost.

    Disclosure: I am long DSW.

    Additional disclosure: I have no positions in KSS. Positions can change any time.

    Stocks: DSW
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