I added to my positions in Birk and Mayors Jewelers BGI at 1.47. This is turnaround that should be reporting a profitable year after years of losses. Christmas same store sales were up 11%. My sell target is 3. https://www.createspace.com/4694499
Great news. Q4 earnings rose 15% ex items to 3.07 and full year earnings rose 12% to 10.55 ex items. Book value rose to 77. They are buying back stock at a furious rate removing 19% of shares the past 3 years. They raised the dividend by 10% to now yield 2.1%. I am raising my sell target to 132. https://www.createspace.com/4694499
Good news. Q4 earnings rose 8% ex items to 0.71 and full year earnings rose 18% to 3.35 ex items. They raised the dividend by 4% to now yield 4.7%. They forecast earnings growth of about mid single digits. The growth rate is clearly slowing due to the price wars by T-Mobile, but it won’t last forever because T-Mobile lost nearly 100 million in Q3. I am lowering my sell target to 64. https://www.createspace.com/4694499
United Rentals URI 87 – Great news. Q4 earnings rose 38% ex items to 2.19 and full year earnings rose 41% to 6.91. Debt declined slightly. They are buying back their stock. They said the downturn in oil will be only a slight net negative and they forecast blowout earnings for 2015 up about 25%. I am raising my sell target to 106. https://www.createspace.com/4694499
Q1 earnings rose 28% to 0.61 ex items. They forecast a great Q2 with earnings up about 25% and full year earnings up about 21%. Debt declined significantly from 715 million to 501 million the past 3 years. They say they will continued to aggressively pay down debt. Net debt per share is now down to less than 10 dollars per share. At the rate they are going they will be debt free within 3 years. My sell target is 39.
Can someone please explain what holds this stock up? Another horrible quarter and back in the red again. Backlog is still horrible, at the lowest levels since 2004. Earnings peaked in 2012 at 2.56 ex items and plunged to 0.45 in 2013 and looks like they will plunge again to about 0.30 ex items this year and with poor backlog no turnaround in sight and yet the stock keeps going higher and higher.