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Joe's Jeans Inc. Message Board

  • peter_norths_proctologist peter_norths_proctologist Dec 6, 2012 6:00 PM Flag

    Look at slide #22

    On slide #22 of today's presentation, they are declaring a future target of 25% retail EBITDA margin, which is 6 points higher than the current FY '12 margin of 19%.

    Sounds good, right?

    Hold the phone. I happened to save their prevous slide presentation from May on my hard drive. Looks like Crossman pulled another fast one. In that previous presentation from May, they were tageting 30% retail EBITDA margin. Today's presentation shows the target was reduced to 25%. So I guess they are backpedalling on their long-term targets after just 6 months of having set them. These guys are too funny.

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    • peter_norths_proctologist peter_norths_proctologist Feb 25, 2013 6:57 AM Flag

      I guess if you ask Gem, the slide 22 discrepancy was just another example of Crossman's exuberance. I have another word for it.

      "...they are backpedalling on their long-term targets after just 6 months of having set them."

      At best, this is incompetance. At worst, it is deception.

      Only the excuse-maker would call it "exuberance". CEO's should be held accountable for their words and actions. Yet Crossman is so idolized on this board that he has been placed above accountability. What a sad state of affairs.

    • ...just like the ratchet-down of the (non-outlet) per-store sales dollars that they used as a benchmark for "success".

      ...1st announced to be $1M or more, a year later it was $800K...not sure what the current milestone is these days

      Still, price is under-valued.

      • 1 Reply to cot90293
      • There are so few stores for Joez that any drastic change in store count with stand alone vs Outlet can alter the Margins. Since they are on a tear with new stores there will be s slow roll to critical mass with those stores. I like the fact that they are growing and once more exposure hits the standard Mall we will then see either a HOT TREND of slow steady up tic. IF Joes becomes the next APPLE of jeans then the Asian Market will be super hot on Joes and we could grow rapidly in 2-3 years. Once we hit 100 stores Joes will turn 300 Million per year, if they become a HIT we could double or tripple that.

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