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Tumi Holdings, Inc. Message Board

  • retailexecutive retailexecutive Oct 1, 2013 3:38 PM Flag

    Product line is nice but way over priced

    the product line is over priced . It is being outsold in the department stores by an ever increasing ratios. This will be a buy below 20 if they can move the needle on revenues without butchering margins.

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    • $16 is more likely

    • The stock is even more overpriced than the product line. Down 8% in a week. Management is silent. Probably another bad quarter coming next.

      • 1 Reply to sheep_get_fleeced
      • I have to disagree with you. Personally, I don't think being down 8% on a week where the market was also down is reason for management to say anything. Retail stocks are volatile, nothing new. Peg the P/E to 25 and you're at $19.75, slightly above today's close. Also, it's a little early for anyone to be building in a bad quarter into the price, we are about a full month off of earnings.

        If gussirchamplin is right and it goes to $16, you back up the truck! Tumi is a company that most people know well and the problem with the stock and why it doesn't break out above where it started trading is because it's always fully valued. It will probably always be fully valued (most of the time at least).

        My takeaway is that what you have here is a well run company with great products, great advertising, beautiful stores and room to grow. Down the road they will probably make a buck a share and we can look back and call the current price cheap. I don't believe the current P/E to be unreasonable being that it is somewhere between COH and KORS. Let's see what next week brings.

        Sentiment: Buy

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