Stein Mart, Inc. (NASDAQ:SMRT)

Staka (98.55) Submitted: 12/11/2011 7:07:19 AM : Start Price: $6.55 SMRT Score: +5.50

Positive:
- Market cap close to tangible book value (ok, I know that liquidation value is a lot lower for a retailer but there is no chance of beeing forced to liquidate)
- No debt, lots of cash (= lots of opportunities for change)
- CEO just changed, implies hope for a change for the better
- They have the financial means to improve their business (shops, fashion selection etc.)
- Bottom building in the chart.

Negative:
- No growth. They try to sell branded fashion in ugly shops. Does not resonate with customers.
- Negative business momentum.
- Q3 with a loss.

Category: PV+

Fiskhus (76.47) Submitted: 10/19/2011 3:30:40 PM : Start Price: $6.41 SMRT Score: +4.75

>30 recycle

dangerdynasty (56.37) Submitted: 12/7/2009 10:45:12 AM : Start Price: $9.99 SMRT Score: +46.91

nope

robstuck (< 20) Submitted: 7/23/2009 10:30:18 AM : Start Price: $10.12 SMRT Score: -65.67

longterm pick. people will buy brand names here for cheap throughout the downturn.

Jlrhoads (< 20) Submitted: 5/12/2009 11:11:34 PM : Start Price: $3.98 SMRT Score: +34.61

Retail is coming back

nau99 (27.05) Submitted: 4/14/2009 10:58:47 PM : Start Price: $3.39 SMRT Score: -56.87

Loser

LosingItAll (28.78) Submitted: 3/26/2009 3:11:22 PM : Start Price: $2.47 SMRT Score: -133.63

Bear pitch: Ever been to one of these?

1700WARRIOR (74.38) Submitted: 5/18/2008 1:09:23 PM : Start Price: $5.12 SMRT Score: +47.14

I THINK STIEN HAS LOTS OF ROOM TO GO UP. LOTS OF INSIDE OWNERSHIP AND THEY JUST HIRED A NEW SVP OF MARKETING GLORI KATZ. SHE HELPED SEARS TURN AROUND AND HAS LOTS OF YEARS IN THE BUISNESS. I REALLY THINK ITS ON ITS WAY UP.

bbron17 (23.40) Submitted: 3/24/2008 9:28:12 PM : Start Price: $5.97 SMRT Score: +20.60

smrt

JCash22 (93.76) Submitted: 1/30/2008 4:52:15 PM : Start Price: $4.39 SMRT Score: +73.87

undervalued. financial statements good. good buying point for price. buy low/sell high or buy and hold. you will be rewarded sooner or later.

chukimaster (97.05) Submitted: 12/28/2007 7:14:34 PM : Start Price: $4.67 SMRT Score: +63.70

Half the book value. Little debt.

SteelBreez99 (95.67) Submitted: 12/11/2007 7:10:17 PM : Start Price: $4.52 SMRT Score: -70.74

VALUE LINES - WORST PERFORMING STOCKS 13 WEEKS

cdempsey1221 (97.10) Submitted: 11/25/2007 12:39:04 PM : Start Price: $5.57 SMRT Score: -35.51

I see nothing really propelling SMRT out of it's current rut. It has a weak, degenerating brand, declining margins, and is facing more and more intense competition from premium retailers. The macroeconomic conditions currently are not helping either. I wish I started this underperform earlier.

JayRub (83.82) Submitted: 11/2/2007 1:07:44 PM : Start Price: $5.71 SMRT Score: +36.54

Take the 4% dividend and wait for better times.

NetscribeRetail (91.94) Submitted: 12/28/2006 1:23:05 AM : Start Price: $12.72 SMRT Score: +42.24

Stein Mart, Inc. operates 268 retail chain stores that offer fashion merchandise in the US. It offers branded apparel for men and women as well as accessories, gifts, linens and shoes, and primarily targets fashion-conscious women at the age of 35 to 60 years. The company sells at 25% to 60% below the departmental stores’ prices.

Majority of the target customers of the company, which forms about 35% of the total female population, belongs to the baby boomer generation. Women from baby boomers generation outpacing average women apparel spending by 13% augurs well for the company. Due to more disposable income and longer life spans of this segment, many US retailers are targeting this segment. With newly introduced Gap’s Forth and Towne Brand, Martin OSA by American Eagle Outfitters, and Chico’s by Chico Fas, which target the same market, Stein Mart’s business is getting tougher.

Additionally, Stein Mart has comparatively lesser stores than its competitors. Also, the recent performance of the company has been dismal with substantial decline in net earnings. Company primarily suffered due to higher payroll expenses and expects higher such expenses in the fourth quarter. Management guidance of flat fourth quarter earnings will result in almost 26% decline in annual net earnings.

On the positive side, Stein Mart has added Nina Campbell Line to its home segment, which contributes about 15% to the topline. However, revenue growth of the company over the years has been negligible. With weak key retail metrics and there being no strong initiatives in line, we feel Stein Mart is not smart.