Saks, Inc. (SKS)
The Company operates through Saks Fifth Avenue, Off Fifth, and Club Libby Lu stores. SFA stores are principally free-standing stores and offers distinctive luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts.
Recs
00100
(96.46)
Submitted: 11/16/2009 3:28:58 PM :
Start Price:
$6.37
SKS Score:
-2.09
Downthumb. Huge negative cash flow & sales growth.
Recs
Recs
jmt1c111
(< 20)
Submitted: 11/12/2009 12:43:00 AM :
Start Price:
$6.33
SKS Score:
+1.94
Above average earners are back out shopping, look for this company to grow.
Recs
LongShortIndex
(98.73)
Submitted: 11/4/2009 9:18:23 PM :
Start Price:
$5.90
SKS Score:
+5.29
sell short nordstroms (JWN) & buy saks fifths (SKS)
Recs
KENT66
(< 20)
Submitted: 10/6/2009 10:10:27 AM :
Start Price:
$6.56
SKS Score:
-5.96
BLACK FRIDAY SEES TIS GOING
ONLY
UP
Recs
SmallPimpin
(98.30)
Submitted: 9/12/2009 7:49:23 PM :
Start Price:
$6.65
SKS Score:
-9.45
Mmm...clothing...
Recs
COOLSTOCK
(68.12)
Submitted: 8/26/2009 3:57:34 PM :
Start Price:
$6.33
SKS Score:
-5.45
a good high end luxury store
Recs
BruceInToronto
(< 20)
Submitted: 8/25/2009 4:15:06 PM :
Start Price:
$6.42
SKS Score:
-7.01
consumer back in the market soon
Recs
WPThatcher
(58.07)
Submitted: 7/27/2009 10:58:37 AM :
Start Price:
$4.73
SKS Score:
+23.47
Selling for half book value and even less of sales. T
Recs
cbwang888
(29.73)
Submitted: 6/20/2009 5:28:17 PM :
Start Price:
$4.09
SKS Score:
-36.76
No more shopping for you
Recs
jstegma
(99.67)
Submitted: 5/6/2009 1:29:58 PM :
Start Price:
$2.67
SKS Score:
-111.58
Over-priced fashion is about to go out of style. Frugal chic is going to be in.
Recs
lucyamclean
(77.20)
Submitted: 5/4/2009 5:47:55 PM :
Start Price:
$5.16
SKS Score:
+2.31
Saks has already made doubled since i bought it a few weeks ago. Unfortunately I did not buy enough. I think it will steadily head toward the $13 range in another 14 months due to loyal customers and holders of large shares.
Recs
Option1307
(30.79)
Submitted: 1/30/2009 1:30:12 AM :
Start Price:
$2.62
SKS Score:
-115.38
Rolling the dice here, would never touch this in RL.
Recs
jerryguru69
(93.93)
Submitted: 12/30/2008 11:02:59 PM :
Start Price:
$3.99
SKS Score:
+36.30
Kudos to the Barron's article bringing this to my attention. It is trading at half book-value, because the real estate the stores occupy is more valuable than the business itself. One of those cases where it is worth more dead than alive. Expect, short term, a 50-50 chance of bankruptcy filing; this will be a good thing, as common stock holders will see a big profit over purchase price. Yeah, a case where the vultures will make out nicely.
Recs
Theresewin
(71.77)
Submitted: 11/19/2008 3:40:22 PM :
Start Price:
$3.00
SKS Score:
+76.75
The number of folks who can afford to shop at Saks can't be increasing of late...too rich for most folks and I am not a fan of this company or this stock.
Recs
CountToZero
(< 20)
Submitted: 11/11/2008 12:53:35 AM :
Start Price:
$4.59
SKS Score:
-16.47
Goodwill is in.... Saks is out !
Recs
dolphus999
(97.32)
Submitted: 11/10/2008 3:12:34 PM :
Start Price:
$4.70
SKS Score:
-13.98
No credit, no luxury...
Recs
fin1967
(< 20)
Submitted: 10/15/2008 12:18:20 PM :
Start Price:
$5.80
SKS Score:
-7.79
Overall the people who shop at SKS are higher end shoppers.
Recs
palumbah
(< 20)
Submitted: 10/12/2008 9:13:26 PM :
Start Price:
$6.30
SKS Score:
+17.17
This will be a bad Christmas shopping season for Saks. Last year it made most of its sales with heavy purchases by European tourists taking advantage of the favorable exchange rates because fewer American aspirational shoppers had the cash to really shop there. This year I see considerably fewer tourists. Their usual customers only come out in force when there's a sale. Further, their choice of fashions in the windows has taken a far more conservative bent. It is very '60's with little embellishment, nothing from any couture lines, and not a Christian Loubutin in sight. That's not a good sign for a store with a shoe department so big that it has its own zip code. (Literally.) This may seem frivolous, but luxury retailers only bank on conservative clothing when they realize their customers have to work harder to rationalize their purchases and that they will likely have lower sales. My suspicions were confirmed when I read that Saks is cutting its sales projections for the coming quarter.
While I don't see Saks heading for Chapter 11 anytime soon, I don't think this will be a typical season for them.
Recs
rodaxs
(< 20)
Submitted: 10/7/2008 6:06:12 PM :
Start Price:
$6.45
SKS Score:
-16.01
Very good and conservative management.
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