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No. of Recommendations: 0
I am very glad to see movement to the upside in this stock. The numbers just didn't add up to the stock price. The book value is almost $6 and the stock was selling at $8 and change with a P/E of 7.6! Other small retailers sell for 5 and 6 times book value with P/E's of 20 or more. Hell, the S & P 500's P/E is 21 right now. Yes, comps are down but net sales are up and should be up as new stores are opened. All the bad news about sales is reflected in the stock price. It is well below the 200 day moving average and has a great balance sheet. My main concern is the profit margin - this will determine the share earnings.
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