Jos. A. Bank Clothiers, Inc. (NASDAQ:JOSB)
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The Company is a designer, retailer and direct marketer of men's tailored and casual clothing and accessories.
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The Company is a designer, retailer and direct marketer of men's tailored and casual clothing and accessories.
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The $7.00 drop in price after the earnings report seemed a bit irrational. I own shares in JOSB and feel this is a good time to add to my position. They have $252 million in cash and no debt. Based on a price of 47.17, their PE ratio is 15.32.
Commodity prices are going up, but tha affects their competitors too and I believe JOSB can pass higher costs to customers better than many of their peers.
Sales for the quarter was up 8.7% while earnings per share were up 12.3%.
Analysts believe they will make $3.49 in 2011 and $3.88 in 2012. Cash flow yield presently is 4.6%. As the Company raises prices to pass costs to consumers, cash flow should go up. .
The company was started in 1905, so they have a long history of surviving changing markets. They have 476 stores in 42 states, so there is room for growth. So I believe this company will beat the S&P500 going forward
Well put.