Quantboys'  Instablog

Send Message
Quantboys is a group of friends who for years have been developing trading models to try to outperform the market. We are not salesmen or market experts but computer and theory geeks. We have followed the market on a daily basis for over 20 years. During that time, we have had many ideas on how... More
  • A Shoe Company to Buy 0 comments
    Apr 29, 2010 7:50 PM | about stocks: GCO

    The retail sector has been strong in 2010 as evidenced by the S&P Retail Index (RLX) rallying 18%. There is a niche area within the retail and apparel sector that has been flying under the radar. The footwear makers and footwear retailers have been able to put together a sustainable rally.

    Tonight on Mad Money, Jim Cramer discussed the area for continued growth. He went on to discuss some of his favorite picks. I decided to run our quant model and find the shoe retailer that has the best overall profile. The stock with the most undervalued, improving fundamentals and strong relative strength. 

    Our top pick was Genesco Inc (NYSE:GCO). Genesco is a retailer of branded footwear and branded headwear. During the fiscal year ended January 30, 2010 (fiscal 2009), the Company operated five business segments: Journeys Group, Underground Station Group, Hat World Group, Johnston & Murphy Group and Licensed Brands.

    Look for a continue rally over the next 1 to 4 weeks.
    To learn more about our quant model go to:

    Disclosure: No Position on GCO

    Stocks: GCO
Back To Quantboys' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.