+ Watch HOTT
on My Watchlist
The Company is a small mall-based specialty retailer operating the Hot Topic and Torrid store concepts.
Fidelity high yield by P/S. 1 of 4.
Torrid, my dear friends.
Call this one for short capital gain of about $1.20 per share by mid January and perform rest of year.
If Anyone knows why this stock is trading as high as it is, please let me know.
Mall based, when Malls are busy shuttering: low internet profile and just not cool (my daughter is an eleven year old fashionista in East Hollywood, the Capital of Emo-Goth, and she KNOWS).
Courtesy of Markeyfolly:"Clint Carlson's hedge fund firm Carlson Capital just filed a 13D with the SEC regarding shares of Hot Topic (HOTT). Due to portfolio activity on August 23rd, 2010, Carlson has disclosed a 3.96% ownership stake in HOTT with 1,764,800 shares. This is a brand new position as they did not show ownership back on June 30th in their last portfolio disclosure. This stake cost them $8,858,729 as the hedge fund purchased shares in the $4.80 to $5.45 range. Their filing becomes interesting when you read in the fine print that Carlson has entered into a "group" agreement with Becker Drapkin Management for the purpose of this investment. Collectively between both parties, they own 9.042% of Hot Topic, or 4,030,749 shares. Both Carlson and Becker Drapkin operate in Dallas, Texas.Carlson has filed a 13D signifying activist intent in their investment. The filing states that the hedge fund believes the company is undervalued and plans to engage with HOTT regarding "the assets, business, strategy, capitalization, financial condition and/or operations."
Funny how fads work.
AT 3.2 TIMES FORWARD EBITDA AND 4.5 TIMES CURRENT, THE STOCK IS UNDERVALUED SIGNIFICNATLY TO COMPS AS WELL AS TO ITS LONG RUN KNACK FOR FINDING GOOD PRODUCT FOR TEENS. IT ALSO SPORTS A BALANCE SHEET RICH WITH CASH AND A MODEST DIVIDEND.
Everybody else on here seems to love it
Like the quick ratio, margins, price/book, & the fact that constant reference is made to it in Metalocalypse. DETH-KLOK DETH-KLOK!
Great financials, luxury goods are recovering, adding diversification
Youths love their goods and they are buying again.Some pent up demand for this fashion goods.
Stock ready for a powerful breakout above the current range (Based on Price breakout above StWe30WMA)
Unusually high call volume at $7.5 for 4/10
Hot Topic,now that sounds like a 99-1 longshot in the 10 hole and listening to guidance from the company and the speed of light nose dive in the stock, one would think this one is bowlegged and down for count. After flicking through hours of filings trying to see what gives with this falling star. I'll admit,it doesn't look good,simple or sweet,but that's why they call them longshots. Although the short term prospects could push it lower. I come up with a business that doesn't look as bad as the punishment given and all companies have good and bad times. Had promising popularity before the hick ups and company shows to be ready to put the needed plans together for rolling with the changes and is selling less than book and less than a 1/3 of revenue a share. Should they get things worked out ,then under $5 looks cheap.One to watch
time to by
Undersold and underestimate the teen buying power for gothic/teen clothing!
Im in and around the store quite a bit, being a 21 year old and this company is clearly here to stay, with so much of the youth going into the "darker side" of things. This place is constantly packed no matter what the season is.
Way too cheap right now. New Moon should help sales this quarter.
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