A fairly upbeat Q3. Soma looks to be a very strong concept, posting 11.3% comp growth in the quarter. Seems like an investor is paying very little for Chicos/White House---any improvement in White House would
if it matters, I've invested in this space for...well, a long, long, long time, so some very simple observations.
*For the no-moat retailers (you know who they are), I think you focus almost exclusively on capital... login to read the rest
Hi ahnuld,
I don't know Express so I can't say, but generally I don't trust myself on any of these. I liked Chicos only because I felt that Soma was a good growing concept with a... login to read the rest
Hey winbrun,
I figured maybe we can turn this into a crappy retailer containment board to discuss all of these similar companies. Express looks likes its trading for about 80% of net cash. still cash flow... login to read the rest
https://finance.yahoo.com/news/chicos-fas-inc-review-unsolicited-162100426.htm: This piece is noteworthy:
The Company noted that it had recently received and rejected an unsolicited proposal from Sycamore to acquire Chico's FAS for $4.30 per share in cash. Consistent with its fiduciary duties, the... login to read the rest
Sycamore filed 13D this morning offering to buy Chicos for $3.50/share. Given that Sycamore was buying the stock in mid-march at well over $4/share (https://www.sec.gov/Archives/edgar/data/897429/000119312519143709/d746011dex992.htm), they probably don't think its worth $3.50. Basically trying to... login to read the rest
I ain't touching these god-forsaken retail turds
re: comments. Come from hard experience - nowhere in business do you find (perhaps) managements who are so careful with core business competencies like site selection and remodels who... login to read the rest
lol you have the funniest comments on these retail turds. I guess investors have to get used to the fact that 2-3x EBITDA is the new "normal" multiple for retailers. Retail is an awful industry.... login to read the rest
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