Joe's Jeans, Inc. (NASDAQ:JOEZ)

CAPS Rating: 3 out of 5

Principal business activity has evolved into the design, development and worldwide marketing of apparel products. Products consist of branded and private label denim and denim related products.

Recs

4
Player Avatar Motleifaul (< 20) Submitted: 3/19/2010 10:50:22 AM : Underperform Start Price: $2.54 JOEZ Score: +131.58

The price rose 4 times in the last 6 months.
Didn't anybody realize the excellence of this mill befor?
And now it's 4 times more worth. Good story, good management, cult status of the products; o.k. but ist this enough for a 4 tomes growth?
Look at yourselves. Did you ever buy a pair of jeans from them or do you know many people around who sware on their jeans?
So o.k. let's even asume that the story was good for a 4 times rise. But it's time to take profit now.

Report this Post 3 Replies
Member Avatar BuffetsMentor (< 20) Submitted: 3/20/2010 4:55:07 PM
Recs: 0

im not sure if it will go up or down, but just because you dont know anybody who owns joes jeans means nothing. i had never heard of steak and shake until last week, but its a $300+ stock, and its much smaller than other fast food chains. with a p/e of 6 and no debt (i think), any stock in this position is good, especially one that doesnt follow the rest of the market as a bull market wont effect it. plus if it becomes the next big thing it could explode in price, with not much downside

Member Avatar Ironbob (70.56) Submitted: 3/26/2010 10:40:26 AM
Recs: 1

Steak and shake is a $300 stock because it underwent a huge reverse split. But regardless, I put my money where my mouth is not only because of what you're pointing out but also the debt. Joe's has no debt. There's very few stocks I'll touch that carry high debt loads. Zero debt loads mean flexibility and you always have a debt lifeline if you absolutely need it. This company is run by a pro, it's only too clear.

Member Avatar SUPERMANSTOCKS (59.42) Submitted: 4/16/2010 5:25:01 PM
Recs: 0

SNS sold out! But they're not here because of SNS. Sell someone is doing. Maybe its me

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