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With the Market nearing the top and PEs at alltime highs, one must find stocks that is undervaluedand still growing very fast.Jan-Bell is sucha company:Trading at only 6 times earnings, JBMretails fine jewelry and Rolex watches like Tiffany &Company. Yes the same one in the movie "Breakfast atTiffanys".However, JBM is growing at 60-70%, much faster than it'speers like Gucci and TIF.What's more Jan-Bellhas been buying back aggressively, $15 million stockbuyback at the current price is equivalent to 1/3 it'sfloat!Next year JBM is projected to make about $.89 - $.99per share, giving it a future PE of 3 and a bookvalue of $5.26 at the current price.Rumours hasit that Merrill have been buying large blocks of JBMat 3 to 3 1/2. The volume lately had been higherthan normal. At target price of 25, JBM will have a PEof 26 still way belowS&P.http://www.mayorsauction.com/main.htm
Seems like on April 7th. it tanked, sincethen all is done is close the gap it left on theway down and now is once again is headed down,why is it that the technicals do not follow thestrong fundamentalsPlease explain..!
Is there a connection for good things to come with O/S stocks?Anyway here is some encouraging news...http://quote.bloomberg.com/news2.cgi?T=energy_topnews.ht&s=47065234