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$2.64 0.01 (0.38%)
9/5/2008 3:58 PM

Hartmarx Corp (HMX)

CAPS Rating:
***

Holding company overseeing the various operations of its subsidiaries and providing these subsidiaries with resources and services in financial, administrative, legal, human resources, advertising and other areas.

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Avatar drnerdo2k2 (28.83) Submitted: 6/22/07 2:04 PM : Outperform Start Price: $7.06 HMX Score: -45.39

Holding company for men's tailored clothing and women's career clothing. Note - there's a previous pick on here talking about the housing market, presumably got this mixed up with HXM.

*Balance sheet looks sturdy.
*I like the recent moves to trim underperforming lines and move from a mid-price clientele into the high rollers. As you'd predict it hurt in the short-term and the stock paid, but should improve margins over time, and at least shows that management is trying.
*EPS estimates for the next year are 0.51 for '07, 0.64 for '08. This is probably pretty optimistic considering how badly they've whiffed on two of the last three quarters, but if they're anywhere near those numbers it should be a decent value.
*This is experimental, not a real-$$$ pick.

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