Guess tops street's view, lifts full- year profit outlook
Eric Beder of Brean Capital said that there were some signs of a turnaround in the retailer's North American and European businesses during the quarter.
"While tempered by Asian weakness, we believe the pieces are starting to finally move forward for a recovery at Guess," the analyst wrote.
Beder reaffirmed a "Buy" rating and $37 price target.
You invest on more than "street view". You invest on solid financials and you do nor move stocks appreciably because of a mere glimmer of hope.. That is bad business and will only result in great financial loss in the future. I've been investing since the day John Lennon died and I have seen this scenario play out numerous times. GES and CHS are too high. Value is simply not there.
You have been frantically talking the stock down, sign of desperation on your bad short position. You obviously don't know GES, it is not teen retail. GES will slowly move up from here drip by drip and it will be like chinese water torture on you pathetic short position. The catalyst for this drip by drip up move is Christmas related stocks which will start getting momentum starting now. Besides, very good divi while you u wait for $40 by year end. I also would not be surprised to see management do more buyback.