Casual Male Retail Group, Inc. (CMRG)

Casual Mail Retail Group gets my upthumb at this price level. Yes, I've down thumbed SAKs, Dillards, LIZ and others and been taken to the cleaners by a drunken Mr. Market. Down thumbs on beaten up retailers don't pay. Hoping Mr. Market gets drunk and runs one up is also a risky, (but safer play). Finding one that Mr. Market has taken to the cleaners that is 10x more viable than SAKs or Dillards looks like a real win, (OVER the long term).
Casual Male did lose money this past quarter. Their cash flow, however, continues to be postitive and they've beaten down the mininal debt load they had considerably. Inventory is down. The economy is ??? Well two out of three ain't to bad in this game. They were also punished by Mr. Market for being honest on forecasts. Mr. Market would much rather be lied to and disappointed than told the truth upfront. Down $1.4 Million in Q3. Sales down 11%, male consumer fickle and more likely to avoid the retail stores in harder times. The good. Accounts payable down by 30% yoy, debt down by over 40% yoy, inventory down by 30% yoy. I like Casual Male's chances of making a profit as the female shopper hits the stores for the Christmas season. You have to dress up for those parties and job interviews. Clothing will need replaced. Causual Male is a good retail outlet in moderate economic times. IF they post a profit next quarter, upside could be very good. If not, they are not BK material and the share price is already about as low as I would expect it to go barring a really negative miss.

I have purchased CMRG :-

http://finance.yahoo.com/q?s=cmrg&.yficrumb=yIQAwlz5SoW

Industry: retail (apparel)
EPS = -2.57
EPS EST 1yr = 0.135 2yr = 0.190
PE = na Industry 18.1
PB = 1.43 Industry 1.8
PS = 0.26 Industry 0.6
P/CF = na industry 17.7
P/FCF = 7.8 Industry 14.4
Yield 0.0 Industry 0.0
Gross profit margin = 41.8 Industry 36.0
Operating margin = -18.3 Industry 0.2
Net Profit Margin = -25.6 Industry 0.9
ROA = -45.7 Industry 1.4
ROE = -106.6 Industry 5.2
Insider ownership = 11.4
Greenblatt ROC = -66.44
Greenblatt Earnings Yield = 0.00
PosFCF generic % free cash flow yield 12.78%***
Passes 14 of 17 of Mike Klein's metrics
MaxPrice = 15.48 Discount 82%**
Metrics from qtr ending 8/01/2009
Caps rank 3
http://caps.fool.com/Ticker/CMRG.aspx
MC score 253

All good enough for my money. I only suggest stocks that I own !

(See posts 388/584/665/760/1051/1807/2213/3546/3755/4046/4208/4225/4345/4573/4818/5241/5242/5310/5461/5579/5169/7651/7893 on 'Investment Analysis Clubs / Dynamic Value Investing ' board for extra due diligence applied ). **MaxPrice is a generic version of Mike Klein's Maxprice and ROC and Earnings yields are generic versions of Greenblatt's metrics. *** PosFCF generic % free cash flow yield taken from AAII and posts 5248 and 5253

See 'Investment Analysis Clubs / Dynamic Value Investing' board and my CAPS profile for further excellent companies selling at a discount to Maxprice with excellent current metrics. CAPS only shows my selections over 100Mill (unfortunately due to restricted lower market cap applied by MF CAPS).

As stated on the 'Investment Analysis Clubs /Dynamic Value Investing' board my aim is to obtain up to 50% returns p.a. as Buffett stated he could obtain (3 times) recently. A very difficult task but you can follow along with my buys and sells on my CAPS page, where I put my money where my mouth is . If I perform well I hope you can benefit. If not , feel free to ignore my comments. CAPS allows each and everyone of us to be clinically judged on our stock picking abilities over the LONG TERM.

Please always do your own due diligence before investing.

Manucastle :o)