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Zale Corporation Message Board

  • acepower07 acepower07 Dec 22, 2012 3:21 PM Flag

    ZLC oversold

    I think ZLC is way oversold at this point.
    When November/December sales numbers come out in mid January it will clearly show the turnaround is progressing. I have been buying more on the pullback and plan on buying a substantial amount Monday morning. I think we are gonna close out the year with a rally back close to 5.
    looking 12 months out, i think it will be a double from this point.

    Sentiment: Strong Buy

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    • A reasonable notion, on the stock eventually doubling....but I would not call it "way oversold", at this point. I would call it merely "oversold." (I think you could call $3.60 as considerably oversold...and $3.35 or less as "way oversold.")

      In any case, I think, either way, looking to increase one's position here, on the last one or two trading days of the year, seems like a wise strategy.

      But I'd also like to know what makes you so convinced Nov/Dec sales results are going to be so solid?

      Sentiment: Buy

      • 1 Reply to longtimefollower
      • From What I hear, sales has been a little light this december. I know they will pick up a free day in december because of how Christmas day falls this year. I am hoping the company can eek out a small increase over LY figures. I do know it started out a little slow. I hold a few hundred shares, sold most of mine into the rally. If the company does not show a decent increase I am afraid the stock will get hammered.

        Sentiment: Hold