Jones Apparel Group, Inc. (JNY)
The Company is a designer, marketer and wholesaler of branded apparel, footwear and accessories. Some nationalized recognized brands are Jones New York, Evan-Picone, Norton McNaughton and Gloria Vanderbilt.
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after recovery a sideway mover
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Geez, I don't know how CAPS puts in these start prices. When I made this pick, JNY was trading at $6.08 per share (12/3/08). Somehow when the pick got registered, it assigned me a start price of $5.90. Sucks to be me I guess...
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See my blog on Retail (http://caps.fool.com/Blogs/ViewPost.aspx?bpid=22949&t=01009289685146064849).
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Yikes....declining margins, declining credit available to the consumer, higher end items taking it on the chin and declining earnings. If there's anything we've learned about retail recently is that this isnt a one quarter event. Jones has plenty of downside still available here, especially after looking at those sloppy technicals. Yes its only at 1 time book, but 1 billion in debt, are you serious???? Seriously...yikes....
Nero
Sagetrade
Recs
Net margin down. eps down. fundamentally unhappy.

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