And they manage another 100 stores of the Rhino group in and around the UK. I visited their website this morning and was impressed with their energy, especially the involvement by their associates. Looks like they have alot of oportunity, and a bright future with ELBO. They did mention they are adding 25-30 stores per year, so that is at least 1 every 2 weeks. And they are the very 1st American software retailer in Korea, tremendous! Since I am from the Chicago area, there is an ELBO in every major mall around here. Looking for a great earnings report from the holiday sales, as last qtr. SSS were up 14%. I posted this message earlier today, but apparantly lost it. Across the board selloff in the last hour of trading today. It's light volume, wouldn't be concerned with it. GO ELBO!!
I thought you might like a kinder note from me. My only beef with you is that you aren't doing anything on the other board to help that particular stock and I own a bunch (for me). As for ELBO, I was in the mall again tonight (3 times this month, a new record), and it finally clicked that we too have an ELBO store in Parkersburg, WV. I didn't stop in last time because it was too packed, but the traffic was down enough tonight that I could get to the counter (about 8-10 people tonight vs. 30). I have to agree that I like their stuff a lot better than the "other" stock. I think this store has a future here and probably anywhere. My only concern with this stock it that ignoring a one-day blip, it is awfully near the all-time high and the P/E is already 20. Without great earnings news, can it sustain the increases in price? So just what is the scoop on ELBO. I made 70% in the last three months, but anybody that can sustain over 300% for an entire year is worth listening too. By the way, are do you really think the "other" stock is a loser or are you just pissed at you know who. I have purposely not mentioned the other stock as this is an ELBO board.
Sanderds, thanks for your interest in my thoughts. I have so much positive info, I don't know where to begin. Give you the #'s today, the reasoning tomorrow. I love Investors Business Daily. IBD is my soulmate to investing. In todays(mon.) ed, of IBD, ELBO has an Earnings per Share rating of 94, a Relative Price Strength of 89, Industry Group Relative Strenght of A, Sales + Profit Margins + R.O.E. rating of A, and an Accumulation/Distribution rating of B. Pick up a copy. On their profile board, ELBO's ROE really stands out at 52%. William O'Neil, founder of IBD, says any stock with an ROE over 17% is excellent. About this years EPS of $1.02, a price of 25 would give a PE of 24.5. Any EPS surprises on the upside would obviously lower the PE ratio. Last 2 qtr.'s had upside surprises of 67% and 33%. That is positively HUGE. And now we're into the best qtr. of the year! Look at the last page of todays(mon.) ed. of IBD, on pg. A27, the Industry prices section, and you'll see ELBO's sector, Retail/Whlsle-Cmptr/Cell, (IBD has added Cell, which is why there are 36 listed) at #11 out of 197. Awesome. ELBO has had 2 out of 2 analysts rating them a STRONG BUY for the last 3 months, or longer. Almost forgot, ELBO is rated #3 out of 19 on the research board. An industry leader looking to be #1. And what I feel is one of the most important, ELBO is within striking distance of taking out the 52 week high of 25 just on the strength meeting their EPS expectations alone. Anything above, a PE less than 24 and say goodbye to old 52 week high. A PE in the low 20's for a company beating the street by huge margins for the last 3 qtr.'s is very low. ELBO is a class company, on the move, in the right sector at the right time. I know I jumped around alot, but I hope you get my sentiments. I'll post more info tomorrow.