So I see this runup but I don't necessarily see anything new. Don't get me wrong, I am still underwater on this and will be for a while- so I am happy to see the runup but.... earnings came with a thud. Not much happened. Now after a slight delay we get a 20% is runup in a short time? I know there was one earnings revision to the upside but really? Joes seems to run up with excitement that this time is different and they will do better than expected and then, splat. They don't. They did the merger and hopefully that goes well, but that saddled them with quite a bit of debt they will have to dig out from under. From a business perspective, they sell jeans for premium prices, if you can't make money on a $100 pair of jeans, you are doing something wrong, don't you think? We also have management that doesn't seem to shareholder friendly??? Not sure how this translates into them going higher for real, rather than just a fad and then back down. Any thoughts appreciated.
excluding one-time fees they earned $.03. They also only had Hudson sales for 2 months of the quarter. If they average $.03 per quarter for a full-year eps of $.12 they're currently trading at a p/e of 12. There is upside to the $.12 based on only 2 months of Hudson and I'd imagine their will also be some consolidation of operating expenses for further savings. Wouldn't be surprised if they're making $.25+ a share in year or two. That'll get the pps well into the $4's by then.
fair enough but why this bump so far after earnings? this was all known at earnings release? Take some time for folks to digest what is going on? Or maybe people don't follow Joes very much so took someone to say, hey folks there is some upside earnings potential here? Just seems like they struggle to execute.