Excellent free cash flow and growing. No debt. No debt.No debt. Strong market show as the best of class operator in the markets that hey compete in and a stronger e-commerce performance. This business is very weather sensitive but when the weather breaks the sales break up. A slower economy can be challenging but this concept can find new customers in a challenging economy due to nice name brands at deep discounts.
Its nice to see those votes of confidence in a poster here (or really on any yahoo board).
of course, when it is said that they are debt free, you are referring to funded, on balance sheet debt.
As a retailer, they own little to none of the real estate in which stores are located, and they instead have many long-term store leases. The rating agencies essentially convert those rent payments into a "debt adjustment."
Even so, you are technically correct that they are "debt free" and I agree that the balance sheet is in fine shape.
The FCF is strong, the equity market value relative to FCF provides an attractive "FCF yield" and it is exactly the type of situation that a HF would probably like to get involved in.