Zale Corp (ZLC)
The Company through its wholly owned subsidiaries, is a retailer of fine jewelry in North America.
Recs
Zale has sunk so much with the recession (and poor earnings to go with it) that barring bankruptcy (which won't happen) there is nowhere to go but up. With many underperforming stores eliminated, the operating margin has improved already. This will be a 10-20 dollar stock again in the future.
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A punt really, is sitting on the 200 day mva and has been shredded over the last month.
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Interesting...
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Considering Book value, earnings, and market cap...this should beat the market in 5 years.
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If they make it through the recession they are poised to head back to the $30 a share price. Reasonable amount of debt although all its assets are in inventory. I personally bought this at $2 and see it still rising. It just purchased a large amount of its stock over the previous year as well.
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its at 4 now, it will dip to the 3.50 range soon, and will bounce back up to 4.75 within 2 weeks of bottoming. At which point it will dip again...
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CHRISTMAS IS COMING
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Diamonds are a Girls Best Friend! Men like Women - Women like diamonds. Zales will never go out of business! I have had great returns on my stock I have held for over 5+ years!
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It's diamond gift time again! they are poised to sell and moving up in stock value. They are bullish for now.
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They own all that expensive jewelry, they must be rich!
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going opposite

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