Carter's, Inc. (NYSE:CRI)
The Company is a branded marketer of apparel exclusively for babies and young children in the United States.
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With the growing baby boomer generation, now grandparents, spending all of their excess cash on their cute little grandkids, I think that this stock is going to reap the benefits. The clothes are good quality and babies go through at least 2 outfits a day.
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The make great children's clothing, and have established themselves as a solid brand name. The have placed their stores and outlets in locations where customers are willing to drive to. The fact that my wife and her friends drive 30 or more minutes every two to three months to outfit my children tells me there is a quality product. The purchase of Osh Kosh just continues to build their quality brand.
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Baby clothes, will never go out of demand. Near 52 wk low.. good time to buy.
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Strong fundamentals quick dip because of earnings hiccup = buy
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CRI is a great brand and is trading near a 52 wk low.
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CRI has 3 serious problems
1) LT debt has increased significantly
2) Solvency appears to depend on jacked up goodwill intangible assets
3) Institutions dumped many shares; Rowan sold all his shares; Pacifico sold a high percentage of his shares.
However, volume was high during the last 3 days, so 20.5 may be a bottom. Perhaps there is acquisition interest?
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In it for the bounce, days not weeks!
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Sales up but profits down...A good brand (including OshKosh) with a lot of loyal customers. In the long run it should return to previousl profitability levels.
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Not a bad price at $26.02
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people have babies. babies need clothes. carters makes baby clothes.
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Is Christmas season...
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One of the most respected baby clothing brands. Being a new father, this is an obvious pick for me, right along with Johnson & Johnson and Procter & Gamble. I see those three names in every room in my house. You don't stop buying baby stuff in a down market.
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the maker of kids clothes.
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Company is fairly leveraged (recently bought out OshKosh) and financials aren't as solid as I'd like, but I think the current baby boom will fuel growth for Carter's in the short-term.
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