Charming Shoppes, Inc. (CHRS)
The Company operates retail stores located throughout the continental United States and related websites that merchandise plus-size, misses, and junior sportswear, dresses, coats, and intimate apparel, as well as accessories and casual footwear.
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Let's see.... 7 straight quarters of losses, and the next expected gains are 2011. And there are only 3 analysts covering the stock.
Hrrmmmm..... no risk there.
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19% insider, Large percentage of institutional owners, which is bad with people still exiting mutual funds. Has has a decent amount of insiders buying very recently. Had positive cash flow last year, currently $300M LT Debt to $100M cash. Still 50% off its 52wk high. Few analysts cover stock (bonus), not expected to see profits until late 2010 or 2011. I think its really going to hinge on the turnaround artist, Fogarty, that is the new CEO. Shares have climbed a quick $1 since his being named, 3 weeks ago. High priced retailers are having problems now, but I think Fogarty can pull it out. I'll be watching to see what he does in the near future and puts out for his long-term strategy.
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too many management changes in the past year in all divisions as well as at the top. merchandise assortment is not exciting and isn't addressing the ethnic customer needs.
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Female CEO Dorrit J. Bern
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I think they have cornered the large size market and will only continue to aquire and expand
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Oversold. Undervalued. Longterm Long position.
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The company should be ready to acquire internationally
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I bought this at the end of 2006 as a value purchase. There are not a lot of options for the plus sized women and it is a growing market (no pun intended)
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Investors Charm!!!
Charming Shoppes is a specialty apparel retailer primarily focused on plus-size women’s apparel. The company offers three distinct brands namely LANE BRYANT, FASHION BUG and CATHERINE PLUS SIZES. They sell their offerings primarily through retail stores and direct channel. Charming Shoppes operates 2,386 retail stores across 48 states in U.S.
The $ 32 billion plus-size apparel market is estimated to grow more than 10% in the next 5 years. It is also estimated that plus size represents the fastest growing category in the women’s apparel market, with junior plus-size as the fastest growing segment within the demographic. This portends well for Charming Shoppes, which has a 40% market share in the women’s plus-size apparel market, and derives 77% of its revenues from plus-sizes.
Third quarter results have been healthy with 8% rise in retail sales that form 87% of the revenues. Net income grew by whooping 80% due to well-controlled administrative expenses and upswing in LANE BRYANT revenues. The new store concept of side-by-side CACIQUE store has worked well for the company and they plan to open or relocate 80% of their LANE BRYANT stores in the same format in 2007. Further, management anticipates Active wear, especially its own V SPORT private label, and sweaters to drive future revenues.
Bottom lines are likely to improve with rising proportion of sales through strip centers’ stores which carry lower rent and occupancy structure. Further, strong performance has encouraged the management to expect better fourth quarter results, which indicates about 12% full year revenue growth. All these factors make Charming Shoppes’ every investor charm.
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Overweighted ladies are in fashion - maybe not by choice but the data says so.
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I hope to see them make a jump in sales with their new outlet stores.
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Charming!
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A women's clothing company that my wife loves the clothing lines. I have bought this stock at $10 a year ago and it is still on the rise.

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