Punxsutawney Phil til next groundhog day...13 months out. I know Punxsutawney Phil gets out of the ground in about 6 weeks but if we have that much growth around us I'll stay buried for 13 months and take a look at the scenery then..
mccartjt (You don't have to go back in the hole for six weeks)
In company overview on Ross website, it clearly states that they believe they can open 1,500 ROST stores. That's close to triple what they have now.
Also, they want to open an ADDITIONAL 500 new concept stores.
Remember, the first ones are rolling out at the end of this year.
GOOD LUCK LONGS,
I am long from $42.00 pre split. Just one thing though this Yahoo board doesn't indicate that all the retail buyers are in yet.. I'd agree at some point there's going to be distribution of this company's shares goodness knows only when it will happen.. Anyone any ideas as to why there aren't more people on this board giving opinions??
"I think a good entry price is $24-25".
Erick, I must strongly disagree with you! A new position in ROST should be entered into above $30 with $24-25" being an appropriate EXIT price. Of course, I am referring to shorting ROST, which, it just so happens, I, for one, did today!
Recent stock split, repurchasing shares, SSS always going up, increasing revenue, increasing sales, increasing dividend again and again each quarter.
Bullish signs of a growth stock. Definitely!
ROST is just getting started. They have so much more growth to come.
Short term: A gamble shorting this might work but never long term. Never.
Strong buy since $7 (split adjusted)