Stein Mart, Inc. (NASDAQ:SMRT)

CAPS Rating: 1 out of 5

A retailer offering the fashion merchandise, service and presentation of a better department or specialty store at prices competitive with off-price retail chains.

Recs

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Player Avatar Staka (98.56) Submitted: 12/11/2011 7:07:19 AM : Outperform Start Price: $6.55 SMRT Score: -0.07

Positive:- Market cap close to tangible book value (ok, I know that liquidation value is a lot lower for a retailer but there is no chance of beeing forced to liquidate)- No debt, lots of cash (= lots of opportunities for change)- CEO just changed, implies hope for a change for the better- They have the financial means to improve their business (shops, fashion selection etc.)- Bottom building in the chart.Negative:- No growth. They try to sell branded fashion in ugly shops. Does not resonate with customers.- Negative business momentum.- Q3 with a loss.Category: PV+

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