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EPS100Momentum (71.70)

ROST eps estimates quietly being raised higher.

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January 29, 2010 – Comments (1) | RELATED TICKERS: ROST , WMT

When earnings estimates are raised quietly, it usually means the big fund managers are still actively buying shares..

 

http://finance.yahoo.com/q/ae?s=ROST

1 Comments – Post Your Own

#1) On January 29, 2010 at 2:30 PM, EPS100Momentum (71.70) wrote:

Paul C. Hogan, CFA is the Co-Manager of the FAM Equity-Income Fund.

His profile of ROST:

The company isn't overly leveraged and has had a terrific return over time. Another is Ross Stores (ROST). This is a discount retailer of brand name clothing and housewares. Ross' dividend yield is a little bit lower than others in the Fund, but the company has a history of increasing their dividend over time. They also buy back stock year in and year out and have been a wonderful performer. In fact, for their fiscal year, which ends in January, they will have grown earnings about 50%. That's a terrific result for a retailer during one of the worst economic period in decades.

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