Ｐａｇｅ 1429925 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 通常モードに戻る ┃ ＩＮＤＥＸ ┃ ≪前へ │ 次へ≫ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ▼Zhengzhou Town Tech AlbertSign 14/9/8(月) 2:57 ─────────────────────────────────────── ■題名 ： Zhengzhou Town Tech ■名前 ： AlbertSign <albertViboz@mulberrybagsgroup.us> ■日付 ： 14/9/8(月) 2:57 ■Ｗｅｂ ： http://www.pokerside.dk/images/furniture/furniture-sale89.html -------------------------------------------------------------------------
| I am http://www.pokerside.dk/images/furniture/furniture-sale33.html Ready to Play We feel http://www.life-of-brian.dk/blogfiles/extra/apparel-shop-13.html Coach (COH), the highend bag and accessory maker, is ripe to get a trade for the upside, and we've spent the final handful of days acquiring the shares. John Fogerty's "Centerfield" lyrics not withstanding, the stock looks to be bottoming plus the fundamentals are not as well shabby either. When COH reported their 4th quarter, 2012 outcomes in late January, the stock traded decrease on what was believed to become a disappointing quarter plus the http://www.kmskoping.se/2011/baseball/baseball-tv-schedule-31.html develop into http://www.dortefriis.dk/images/adidas/sports-shoes-65.html is going to be http://www.rtmf.dk/images/cosmetics/zuzu-cosmetics-67.html somewhat ambiguous comments by Lew Frankfort, the CEO on "transforming Coach into a international life-style http://www.dagligmotion.dk/Materiale/education/esl-lesson-plans-7.html brand". Revenues missed the consensus estimate by 6% and operating EPS of $1.18 missed the consensus of $1.23 so it was a terrible quarter all of the way around. The truth is COH is seeing even more competitors within the http://www.muldrow.dk/images/fitness/miu-miu-jacket-45.html highend woman's handbag market place. North American comps have been within a http://www.rikkehyldahl.dk/noweb/guitar/zager-guitars-37.html downtrend for the last 6 quarters, along with the http://www.groth-fano.dk/groth/thorough/seiko-watch-band-86.html final quarter was the first where NorthAm comped negatively: North American comp by quarter 12/122.0%9/12+5.5%6/12+1.7%3/12+6.7%12/11+8.8%9/11+9.2%COH traded down from over http://www.landmaaling.com/images/trousers/zuko-cosplay-50.html $60 to $48 immediately after the January warning and is down 12% yeartodate inside the first http://www.danalund.dk/images/tiffany/vintage-tiffany-72.html 6 weeks of 2013, versus the SP 500's +6.5% return. A further somewhat discomforting trend has been the partnership of sales development to inventory development: Comparison of sales to inventory development http://www.ffmbit.dk/Fiskeri/title/aang-cosplay-47.html the payroll http://www.online-poker.dk/images/mizuno/youth-mizuno-baseball-90.html numerous http://www.group-lsd.dk/video/vivi/westwood-shoes-47.html (by qtr) Quarter endSales groInv gro12/124%15%9/1211%15%6/1212%20%3/1217%21%12/1115%17%9/1115%13%6/119%16%3/1114%28%12/1019%36%Source: internal s/sheet This relationship isn't uncommon with earlier stage growth retailers, nevertheless it could develop into an issue with COH if it really is http://www.muldrow.dk/images/youth-mizuno-baseball-31.html proof that the inventory build is often a http://www.limfjordslitteraturen.dk/aktuelt/work-bag-women-94.html function of undesirable inventory versus having inventory for new retailer development. Retail has been hit quite really hard with SuperStorm Sandy, the payroll tax hike, which was a surprise to quite a few, what will be the effects in the http://www.stjernebabes.dk/billeder/goes/edox-watches-57.html snowstorm that blanketed the Northeast this past http://www.stjernebabes.dk/images/weddingdress/yellow-wedding-dress-45.html weekend, along with the rising price tag of gasoline. In spite of this, the compelling metrics to COH on the fundamental side that assistance the technical action, is that COH is now trading at 9(x) 4quarter trailing cashflow having a 9% freecashflow "yield". Place just, COH has a lot of cash soon after producing $628 million in cashfromoperations within the 4th quarter alone. They have http://www.sinisha.com/news//t-mobile-applications-64.html recently elevated the dividend and the http://www.profil-data.dk/admin/seldom/work-handbags-74.html share repo program and "capital allocated" back to the shareholder is expanding as soon as once more. 4quarter trailing freecashflow as of the December quarter was $1.23 billion and management returned $1.1 billion to shareholders in 2012, the majority of http://www.ekparkskyrkan.se/images/cosplay/ada-wong-cosplay-70.html excellent http://www.birck-keramik.dk/Aage/westwood-vivienne-90.html attached http://www.muldrow.dk/images/fitness/miu-miu-jacket-33.html it by the share repurchase program. We believe http://www.teamlundin.se/images/money/abercrombie-job-application-98.html COH is good for an upside trade here. Because the attached chart indicates the stock is testing its 200week or longerterm moving average, a help location not seen http://www.sportings.nl/vb/balance/24-bicycle-12.html given that mid2010. The mid 2011 lows are down near $45.70 and we'd invest in alot more till that point. (click to enlarge) Our internal model values COH at $55, and Morningstar features a fair worth around the stock of $63. We think the trade is fine for a minimum of a 10% move towards the upside over http://www.online-poker.dk/images/mizuno/youth-mizuno-baseball-26.html the following http://www.perkjaersgaard.dk/images/furniture/patio-furniture-sale24.html couple of months. Supply: Place http://www.oioubl.info/UTSvalidator/airoh-helmets-usa-17.html Me In Coach, I Ready to Play Disclosure: I am http://www.aifsvoem.dk/download/duvetica/duvetica-online-4.html extended COH. I wrote this article myself, and it expresses my own opinions. I am not receiving http://www.oioubl.info/Testvalidator/very-cheap-beats-6.html compensation for it (apart from from Seeking Alpha). I have no business enterprise connection with any provider whose stock is talked about in this short article. (A lot more.) |