PriceSmart (NASDAQ:PSMT) has been on my watchlist for a couple of years now. For the past year, I have been watching the stock go sideways in a bull market after jumping sharply in early in 2012. I last discussed this dynamic, unique company right before that jump. Given the sideways action that has reduced the valuation somewhat as PSMT has continued to grow EPS rapidly, I wanted to review the name to see if there is an opportunity. While the stock may seem expensive at about 25X forward EPS, the long-term growth potential is quite high as the company is expanding geographically. I like too that the company has dramatically improved its investor relations efforts, including implementing a...
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