Actually, it is still overpriced according to fundamentals. Earning maybe .70, declining sales, gave away half their cash, not enough cash to buyback shares, execs overpaid, market cap still too high. No rush to buy here.
Technically, perfect set up, MACD cross over, broke 20 days moving average, volume increase, Money flowing in, seasonal strong tailwind for retailer, trailing sector and beneficiary of the recovery cycle. It will be a double+. Fundamentally, just need to do some math, you know it generates tons of cash, great management track record, shareholder friendly and returning cash to shareholders. And, take out target by hedge fund because of lots of cash sitting in balance sheet. I can not see any downside at all. Sector rotation to retail is very evident.
You should have bought at the time. I did. I'm going to be very happy this Christmas with this and other clothing retailers. Remember, teens don't buy gifts for themselves. Their parents do. Parents aren't going to get good gifts this year due to teen under-employment, but teens will receive even better gifts as their parents do better.
It's a 32 dollars stock based on the cash it's generating. It can't go wrong with this time of the year for retail stocks that has a very efficient operation and steady performance. It has a very strong balance sheet. If I am hedge fund, I will buy it out for sure.