Retail is toast in 2013. On the other hand the Xbox is sold out wold wide. AMD Has raise there numbers
Sentiment: Strong Buy
announce a forthcoming 2;1 stk split and we rise towards $70/sh I would imagine ,,,,,,,,,quickly......
tjx firing on all cylinders as far as growth, sharebuyback, divvy payouts, and its sitting in a sweet spot as far as folks getting name brands, excellent quality at very reasonable prices. stores I go to ( I shop marshalls) have brisk business........the cashiers keep the customer lines moving briskly(no long waits) and the stores always seem to have new variety of merchandise in stock each time I visit. positive shopping experience I would say . historically (see tjxwebsite for historical stk splits) they always do 2;1 stock splits at 60 or slightly towards the mid to high 60's.
Thank for the heads upAMD Console Revenue
Despite what Shorts and Bashers would have you believe, here is the truth on Console revenues over the next year:
Sony expects to sell 5 million consoles by March 2014. Let's assume that XBone only sells 4 million units, that's 9 million consoles by March 2014. Now, for the sake of shorts and bashers, lets assume that number decreases by 20% for 2Q 2014 to 7 million, and yet another 20% for 3Q 2014 to 5 million, and then ramps for the holiday season 2014 (4Q 2014) to 9 million worldwide. That totals 30 million consoles worldwide over the next year (Analyst actually expect 40 million for 2014, but we'll keep it low for the sake of shorts).
Released tonight (Google "PS4 Cost to Manufacture"), Sony/MS buys AMD's chip for $100 a piece. This equates to Revenue of 30 Million consoles X $100 per chip = $3 Billion Revenue for 2014.
Now, let's give the shorts their due in the margin debate and assume margins are only 15% and hold steady at that rate. This gives a profit of $3 Billion X .15 = $450 Million for 2014.
Yahoo finance shows that AMD has 723.69 Million shares outstanding. This gives $450 Million profit divided by 724 Million shares = .62 cents per share. Assigning a standard PE ratio of 15 gives a price target by Dec 2014 of .62 cent per share x 15 = $9.32 per share price target.
Keep in mind this is for CONSOLES ONLY, and does not include revenue from ANY of the other wins AMD has announced for 2014 (Mac Pro, R9 Graphics cards, Verizon, Kaveri, Mantle, etc). This reality is what has the shorts on this board and Wall Street firms who are heavily shorted in such a panic right now, and why they are on a smear campaign only two days after the PS4 release shattered all previous console release records, and 5 days before XBone releases.
IHS: PS4 costs $381 to make, AMD receives $100 per unit • 5:43 PM
Shortly after Tech insights estimated the PlayStation 4 (SNE) has a manufacturing cost of $296, IHS, which is well-known for its phone/tablet tear downs, has estimated Sony's console has a manufacturing cost of $381, or just $18 less than its retail price of $399.
Sony has said it expects to initially sell the PS4 at a loss, but will turn a profit if a user buys one launch title and signs up for a $50/year PlayStation Plus subscription. Manufacturing costs are bound to drop over time, as prices fall for various components.
IHS thinks CPU/GPU supplier AMD is receiving $100 per PS4 unit. If reasonably accurate, that figure could mean AMD is also receiving ~$100 from Microsoft for each Xbox One produced, given the PS4 and One rely on very similar AMD Jaguar processors.
AMD shares have been pressured by concerns the company sacrificed ASPs/margins to secure its console wins.
Sony recently announced PS4 sell-through passed 1M within its first 24 hours of its North American launch. That puts the company on its way to hitting a target of 5M global sales in FY14 (ends March '14
mickeeyjr- are u also the johnalterman alias ? I suspect good chance answer is yes. why else would a "rad" proponent find himself posting all the way over here on the "tjx " mb. there was a johnalterman alias that used to post here at tjx mb,,,,,,,,virtually every few days.........so that would explain why you, mickeyjr, have come back to tjx to tout rad. nothing so terrible in that. just wonder why u would not speak as johnalterman...........a highly respected tjx poster...........unless of course the john alterman alias is not the original johnalterman poster. ok,,,,,,,,,,,no biggie either way, I just find it a curiosity.
curiously there is a major "RAD" proponent for quite some time, on the RAD yahoo mb who uses the alias "johnalterman"..........the same exact alias that used to virtually live on this "tjx" mb. so I am taking liberty of assuming these new aliases here who are touting "rad" are in fact ALSO THE SAME "johnalterman" poster. don't know if its the same person I used to converse with here on the tjx mb but I don't see why he /she cant simply be honest an utilize the johnalterman alias here as he suggests folks look at "rad"...(not so terrible). just posting this curiosity . nothing really significant.
I wish I had listened. I like ALU as well new price target $ 10.25 please confirm point and figure chart
curious to see upcoming (nov 15 approx) new data on institutional ownership in tjx.
such a finely run company as evidenced by last/recent tjx webcast with over 10 % growth projections for next 3 years ,,,,,,,,,, well.......... i would think a lot of tutes would want money parked in tjx. divy, share buybacks, growth, starting to evolve w/r to ecommerce sales....... maybe tjx could hire some top tier ecommerce person from amazon(for example) to optimalize this mobile internet sales portion of the tjx organization. a top tier proven name in the mobile retail sales space would likely highly outperform the current tjx personnel working on ecommerce.
bust thru $60 baby............gooooooooooooooooooo over 10 % growth for next 3 yrs said carol.......
seems like just yesterday we hit $60/sh and split 2;1.........................
well its actually been about one year...........and here we are just near $60/sh
don't see that too often in such quick timeframe.
tjx really didn't go crazy happyfeet about the ecommerce portion of their business, in my opinion from listening to the conf call. I hope I underestimated their enthusiasm to generate a thriving ecommerce cite. I recall u did not like their format w/r to attracting mobile users.
corporate potential is to go from 27 billion to 47 billion, going forward, on worldwide basis. over a period of years ( how many yrs ? not specified). feels becoming a 40 plus billion dollar company is very doable.
tjx does not detail performance by country however, this year Germany might outperform England ( a first )
tjx has been in uk for 10 years........
tjx Canada........ just opened a huge marshalls in frenchspeaking Quebec. Canada has over 300 stores and tjx forecasts 430 Canadian stores going forward = 3.6 billion dollars in sales based on combination of all 3 tjx stores, marshalls,homesense...... Canada store growth potential not as great as Europe due to limited Canadian population\
usa........will grow home goods store goods very aggressively in usa. over 100 marmax store locations currently do not have a nearby homegoods store. that w/b a growth activity.
usa...........marmax stores will be going up from 2000 to 3000 stores , going forward.
tjx and marshall stores can be near each other and cannibalize at acceptable levels......
remodeling stores shall always continue going forward
1)ecommerce is relatively small compared to brick/morter stores.
2) sharebuyback & dividends........ divvy s/b 58 cents/sh in fiscal 2014.
3) tjx has 900 buyers (not 100 as I evidently posted previously) worldwide.
4) long term view ........see vendors as partners
5) availability of goods ? so many vendors adds to tjx options to attain goods asap.
6) 20 distribution centers in 5 different countries , has tjx.
7) 3200 plus stores exist as of end of this year. tjx confident it can grow stores well beyond this #.
8) real estate environment in usa & England has benefitted tjx esp w/r to urban locations that were formerly too expensive for tjx.
9) intl growth potential = Europe Ireland,poland,england,germany.......... homesense stores, tkmax stores.........2013 ends with 400 stores in 4 countries cited above. will add 32 more stores 2014.
potential to grow to 875 stores in Europe.
tjx can support additional 925 stores in Europe countries outside of Poland,england, Germany,ireland.
(listen to webcast for full accuracy of my post)
1) convinced our margin growth can continue years ahead.
2) tjx 3 yr model; eps to grow 10 - 13 % for next 3 yrs.
3) lean inventory very key . speed of tjx supply chain very key.
4) supply chain can become more efficient to help drive traffic
5) lean,fast inventory turns 12 -13 times per year per store. its like having 13 different stores per year for each store.
6) tjx Europe expects profit margins to 10 % range. tjx has best performance, in Germany & Poland iamongstt all its European locations.
7) Europe is more costly to operate than in usa .