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J. C. Penney Company, Inc. Message Board

  • netmargintrumps netmargintrumps Mar 17, 2013 11:23 PM Flag

    SMDM Grew Revenue 90% Last Qtr and the Stock Barely Popped

    SMDM (The Singing Machine), grew net sales 90% versus the same quarter last year from $8.7mil to $16.7mil, and earnings grew to $1.4mil vs. $150K the previous year's same quarter. Now the trailing P/E ratio is below 3 if you back out their pile of cash. The small company has NO debt, too. Over the last 3 years, annual revenues have grown from $19.1mil in 2010 to $25.9mil in 2011 to $34.1mil in 2012. With this kind of growth, this company does not deserve a low-single-digit P/E ratio and a P/S ratio of .25. This stock is way undervalued.

    This rapid growth is three-fold: First, their products have been added to more big-box stores causing top-line revenue to grow by 90%. Second, year-over-year increase in e-commerce sales straight from their website is up by 60% to 65,000 units. Third, the growth in the economy is adding to sales volume, especially during the Christmas season.

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