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The Company operates in the fragrance business and manufacture, market and distribute a wide array of fragrances and fragrance related products.
Inter Parfums, Inc. (IPAR) makes perfume. What the devil do I know about perfume? Nada. It appears that an excellent publicly traded business can be built around this commodity. And, like apparel, when a company strikes the right balance between marketing, retail placement, and a product that the target audience wants, they can make a ton of dough. If I had seen this stock in February I might have placed a outperform on it. Then again, maybe not.IPAR has had several quarters of solid earnings growth despite the poor economy. They are poised to grow earnings 16 to 18% further in the next year. So why the red thumb? This growth is already priced into the stock by the run-up of the past six weeks. Those (like myself) that missed it, missed the opportunity for a double bagger in six to eight weeks.This company came to my attention from a CAPS screener. I chose five star small cap companies with significant insider ownership and unanimous all-star outperforms. See my blog on my CAPS page for other companies from this screener.
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