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Burlington Continues To Expand

Shock Exchange profile picture
Shock Exchange
13.14K Followers

Summary

  • BURL's quarterly revenue rose 3% Y/Y. Government stimulus checks may have aided retail sales, but it was still a win.
  • EBITDA fell in the double-digit percentage range. Cost containment efforts could improve margins next quarter.
  • A reopening of the economy should help drive retail sales. BURL plans to grow store count by over 1,000 new stores.
  • BURL has more than doubled over the past year. The upside could be priced in. I rate the stock a hold.
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This article was written by

Shock Exchange profile picture
13.14K Followers
The Shock Exchange has a B.A. in economics and MBA from a top 10 business school. He has over 10 years of M&A / corporate finance experience. Currently head the New York Shock Exchange, financial literacy program based in Brooklyn, NY.His book, "Shock Exchange: How Inner-City Kids From Brooklyn Predicted the Great Recession and the Pain Ahead", predicted pain ahead for the U.S. economy and financial markets.In 2014 the law firm of Kirby, McInerney, LLP brought a class action lawsuit against Molycorp, Inc. for "materially misleading statements" in its financial statements. Kirby, McInerney used investigative journalism from the Shock Exchange to buttress its case. That's the discipline the Shock Exchange brings to every situation he covers for SA.

Analyst’s Disclosure: I am/we are short MRNA. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (1)

pat45 profile picture
I do not understand why BURL trades at a 50 PE. It does not have much equity, growth or customers (in my store).
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