Archive for April, 2009

Buy Cipro Without Prescription

Posted by Dan Hung

at April 27, 2009

Buy cipro without prescription, Over the last year, "cash is king" has become the modus operandi for companies everywhere. Find no rx cipro, In an environment where revenues are declining and credit markets are difficult to access, the conservation of cash is an important aspect of maintaining the business and living through the recession, cheap cipro tablet. Buy cipro from us, To gain a better view of the cash flow generation ability of a business, a lot of focus has been put on free cash flow and, order cipro in canada, Compare cipro prices, in many instances, EBITDA in various valuations as price-to-earnings has become less and less meaningful in a market where earnings visibility is at a minimum and valuation multiples are volatile, no prescription cipro. Cipro prescription, One aspect that many investors overlook, however, cipro pills, Cheap cipro from usa, is working capital. Most retail investors view working capital as strictly current assets - current liabilities and view it as a glorified quick ratio, cipro alternative. Working capital analysis, however, is much more useful than simply a measure of solvency, buy cipro without prescription. Buy cipro once daily, If one defines working capital as current assets ex cash minus current liabilities, then the resulting "working capital" determines an important characteristic of the business and its ability to generate liquidity through its operations, order cipro in us. Approved cipro pharmacy, Positive working capital (ex-cash) businesses maintain current assets in excess of their current liabilities. This implies that, order cipro no prescription required, Sale cipro, in order to maintain operations, a business must invest siginificantly in inventory or pre-paid expenses before being able to receive cash from its customers, buy cipro without prescription. Cipro medication, An example might include a rapidly growing retailer like Urban Outfitters (URBN). Buy cipro without prescription, As of January 31, 2009, the Company had $167 million in working capital (ex-cash) which would represent more than 50% of its cash balance. This build up of assets requires some form of funding either by consuming the Company's cash on hand or forcing the issuance of long term liabilities (debt), cipro malaysia. Price of cipro, The assumption is that, by investing in these assets, cipro in australia, Find discount cipro online, the Company will be able to drive increased sales (and consequently increased cash flows).

Negative net working capital businesses are able either maintain current liabilities in excess of current assets. An example of this might be a computer manufacturer which is able to book sales and receive cash from customers before actually buying materials to make their computers (i.e, discount cipro online. Low price cipro, Dell). Thus, instead of having fund increasingly larger investments in parts inventory or other expenses, the company can simply sell and collect payments from customers and use these to buy the parts necessary to complete orders (thus creating significant current liabilities).

Working capital analysis is important in understanding just how a business operates and creates value, buy cipro without prescription. Further, cheapest cipro, Cipro purchase, in a recessionary market, it gives an idea of the cash need or cash generation ability of a business' operations when under stress, cheap cipro from canada. Canadian cipro, Positive net working capital businesses require significant funding through cash on hand or through credit markets in order to continue growing, but will not be as seriously affected by declining revenues as they can liquidate current assets on hand to meet operating obligations, find cipro. Order cipro from us, Negative net working capital businesses can scale without consuming cash or forcing the company to access external financing. They are more dangerous in downturns, buy cipro us, Cipro free sample, however, and require the business to have sufficient capital to plug potential working capital needs, generic cipro online. Order cipro on internet, For example, in the case that a Company like Dell finds that customers stop purchasing computers altogether, cheapest generic cipro, Purchase cipro overnight delivery, they will no longer be able to use cash from purchases to fund continue to fund new production. Instead, cipro approved, Cheap cipro in canada, it will have to use cash on hand to purchase the necessary parts and services to complete orders. This is why in my analysis of Apple and Dell, cheap cipro, Buy cheap cipro online, I subtract negative net working capital from the company's cash and short term investments to determine how much "excess" cash the companies are truly carrying.

Full Disclosure: Author is long shares of AAPL at the time of writing. No positions in other stocks mentioned. , cipro no prescription.

Business Analysis, Tutorials

Buy Armour Without Prescription

Posted by Dan Hung

at April 21, 2009

1 Comment

Recently read an interesting article on Dell posted by Peridot Capitalist Buy armour without prescription, and thought I'd post my two cents on the topic. You may remember my recent post admonishing Dell's product strategy, armour medicine, Cheap armour without prescription, but sometimes bad companies can still have good stocks. Could this be the case at Dell, order armour overnight delivery. Cheap armour internet, Dell's Share Performance
Dell shares are down over 60% over the past year and have been hit harder by the recession than U.S. competitors like Apple (AAPL) and Hewlett Packard (HPQ), buy armour online cheap. At first glance, this may lead you to believe that an opportunity may exist here to buy a company that has been unfairly punished, buy armour without prescription. Armour in bangkok, But, what you might miss is that Dell's stock has been in a 5-year funk outclassed significantly by its domestic competitors, where to order armour. Buy generic armour,

Dell 5-year stock performance

Not only has Dell failed to match its competitors (Apple's ridiculous performance aside), it has actually consistently provided negative shareholder return over the last five years, cost of armour. Armour online stores, Why has the market been so "unfair" to Dell. Dell is seemingly synonymous with the PC market and no one can deny that this market continues to be a stronghold for global growth despite a slowdown in Q1 2009, buy armour in canada. Buy armour without prescription, Dell, in fact, maintains a strong #2 marketshare position. Armour internet, To find the answer, let's take a look at Dell's performance.

Dell's Operations

delloperations

Taking a quick look at historical financial provided by Gridstone Research, armour prices. Armour overnight, We find two interesting trends here. Despite the fact that worldwide PC shipments have never grown less than 9.5% year over year (2008, order cheap armour, Buy armour low price, 2007, 2006, purchase armour, Drug armour online purchase, 2005) since 2005, Dell's revenues have grown at just a 4% CAGR over the same time period, buy discount armour. Buy armour in us, Furthermore, operating margins collapsed and stayed depressed after 2007 signalling an inability to effectively capture increasing volumes in the industry without giving up pricing, buy armour online without prescription. Clearly, something is awry over at Dell, buy armour without prescription. Armour online,

My guess without having spent a lot of time analyzing Dell's product offerings is that, having entered the PC market as a low cost competitor, find armour online, Armour order, the Company never invested in the R&D capacity to drive differentiation and new product innovation in the way that HP and Apple have over the last few years. Unfortunately, buying armour online, Armour online without prescription, with the emergence of Taiwanese and Chinese computer manufacturers like Acer and Lenovo, Dell, armour cheap drug, Canadian pharmacy armour, being a U.S. based manufacturer, buying armour, Armour tablets, lost its cost advantage and has lost its pricing strength and has been forced to take lower margins in hopes of protecting market share, the last competitive advantage it has.

Dell's Valuation
Despite poor performance justifying a handicap on its valuation, order armour, Armour us, Dell is actually trading a seemingly outrageous valuations relative to peers. At $10.31 per share, canada armour, Low cost armour, the stock trades at 8.5x forward earnings and at a 3.0x EV/EBITDA multiple, unheard of for even the most mature of businesses let alone one in a growth industry (General Mills (GIS) for reference trades at 12x forward earnings and 9.9x EV/EBITDA), armour buy drug.

Buy armour without prescription, More fundamentally, Dell's cash and short term investments stands out on its balance sheet. Armour, It has $10.8 billion in cash and short term equivalents which equates to about $5.54 in cash value on its balance sheet. 53% of its share price supported by cash on the books, buy armour pills. Order armour cheap online, That's even more ridiculous than the 25% cash support in Apple's share price.

The difference, however, order generic armour, Armour no rx, lies in the working capital needs of the two businesses as well as the operational performance of the two businesses. As I've discussed before, cash on the balance sheet can be used for many reasons. To support the business, investments in growth, or dividends to shareholders, buy armour without prescription. In the case of Apple, management has proven that it can manage the business as a going concern while generating the free cash flow necessary to not only maintain but grow the company's cash balance. This has lead to many investors believing that nearly all of Apple's cash balance could be freely distributed as additional return.

For Dell, however, it seems that declining revenues between 2008 and 2009 created a $2.5 billion working capital drain that halved operating cash flow. This makes Dell's $3 billion in net working capital (current assets ex cash - current liabilities) a more significant worry. Conservatively, the Company should reserve at least a portion of cash to cover this need. Buy armour without prescription, Next, due to the Company's lagging performance versus competitors, it would seem that some investment in R&D or restructuring will be necessary to either better differentiate its products or rationalize its cost structure. How management allocates this capital will ultimately sacrifice immediate cash value in the Company's valuation for potential ROI on management's strategic initiatives. This uncertainty, especially given management's lackluster recent history, is enough that we must handicap the rest of Dell's cash value to some degree.

Investment Conclusion
To me, Dell warrants a wait and see approach. While the stock has $5.50 in cash support, many questions remain about the long term viability of the Company's business model. I'm not calling the Company's going concern into question but, if recent performance is any indication, competition could ultimately force the business to fundamentally reset as a significantly less profitable, commoditized manufacturer as opposed to the tech industry giant it seemed poised to be become earlier this decade. In that case, $10/share would seem an appropriate valuation provided management protect current asset value, but knowing the mentality of most publicly traded companies, much effort and cash will be expended before a Company like Dell accepts such a place in the PC supply chain and, as a result, I am uncomfortable with the margin of safety on Dell even at $10/share at least until the Company defines its long term strategy or global PC shipments rebound so strongly that the rising tide can't help but carry Dell out of its gloom (in the latter case, better opportunities will still probably exist through the purchase of competitors' stocks).

Curious Investments, Stock Analysis

Buy Malegra Fxt (sildenafil + Fluoxetine) Without Prescription

Posted by Dan Hung

at April 16, 2009

2 Comments

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Throw your pre-conceptions aside
Most people see "investing" as a quick way to make money out of their money. Investing, malegra fxt (sildenafil + fluoxetine) overnight shipping, Cheap malegra fxt (sildenafil + fluoxetine) in usa, in its purest sense, is the commitment of capital with the expectation of return, malegra fxt (sildenafil + fluoxetine) free delivery. As a result, investment returns are simply a compensation for taking risk, buy malegra fxt (sildenafil + fluoxetine) without prescription. Cost malegra fxt (sildenafil + fluoxetine), In the case of the funds you'll need for your retirement, are you really willing to assume a lot of risk in hopes of a big pay day?

The good news is that decades of research in the behavior of various asset classes has found that Benjamin Graham's statement, order malegra fxt (sildenafil + fluoxetine) from canada, Online pharmacy malegra fxt (sildenafil + fluoxetine), "In the long run, the market is a weighing machine, buy generic malegra fxt (sildenafil + fluoxetine) online, Cost malegra fxt (sildenafil + fluoxetine), " was very true not just of individual stocks, but of investment types, cheapest generic malegra fxt (sildenafil + fluoxetine) online. Buy cheap malegra fxt (sildenafil + fluoxetine), Over the long term, the "weight" of an investment, find malegra fxt (sildenafil + fluoxetine) without prescription, Buying malegra fxt (sildenafil + fluoxetine), or its inherent riskiness, will govern the return you can expect, malegra fxt (sildenafil + fluoxetine) without prescription. Best price for malegra fxt (sildenafil + fluoxetine), Generally speaking, over the history of the public markets, buy malegra fxt (sildenafil + fluoxetine) us, Buy malegra fxt (sildenafil + fluoxetine) from us, investors are compensated for the risk that they take on.

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PLAN your retirement Buy malegra fxt (sildenafil + fluoxetine) without prescription, Knowing that long term investing ultimately boils down to a risk/reward tradeoff, realize that investing money as part of a retirement plan is just that - planning. Cheap malegra fxt (sildenafil + fluoxetine) online, Don't get googly-eyed over the potential of doubling your money every x years or the idea of turning your nest egg into a fully hatched chicken coop overnight (poor metaphor, I apologie). Most of us are planning retirements decades in the future, lowest price malegra fxt (sildenafil + fluoxetine). Malegra fxt (sildenafil + fluoxetine) pharmacy online, With the benefit of a long investment horizon, passive asset allocation is a more than adequate strategy and benefits by giving you a steady, malegra fxt (sildenafil + fluoxetine) professional, Buy malegra fxt (sildenafil + fluoxetine) online australia, somewhat predictable tool to plan your retirement around. Upon determining the amount of money you'd need at the point of retirement and a realistic savings plan, order malegra fxt (sildenafil + fluoxetine) no rx, Pharmacy malegra fxt (sildenafil + fluoxetine), you can easily determine the return needed to reach these goals. Matching the riskiness of your asset allocation to the required return will allow you to comfortably target your future goals, cheap malegra fxt (sildenafil + fluoxetine) no prescription.

And, now, the best advice that anyone can give you...
Rebalance, buy malegra fxt (sildenafil + fluoxetine) without prescription. Buy malegra fxt (sildenafil + fluoxetine) generic, Rebalance. Rebalance, cheapest generic malegra fxt (sildenafil + fluoxetine). Malegra fxt (sildenafil + fluoxetine) from canada, Markets don't move in straight lines. Though your target asset allocation may target x% average annual return, malegra fxt (sildenafil + fluoxetine) uk, Order malegra fxt (sildenafil + fluoxetine) no prescription required, results from one year to the next can be quite volatile (the academic definition of risk). Buy malegra fxt (sildenafil + fluoxetine) without prescription, Since, in the long run, we're all dead, minimizing the likelihood of downside volatility and protecting your capital is the name of the game. Rebalancing achieves this in several ways, find malegra fxt (sildenafil + fluoxetine) online.

Rebalancing allows you to maintain your portfolio's risk profile. As some assets outperform and some underperform expectations, your exposure to each asset's unique risk changes from your target. This could lead to un-forseen future performance.

Rebalancing allows you to buy low and sell high. Even though a retirement portfolio is designed to be 100% allocated for much of its life, it is still possible to "buy low and sell high." Selling assets that have outperformed and buying assets that have underperformed effectively locks in gains from a given period and resets your portfolio at its new higher valuation to the same risk/return profile you intended, thus providing more predictable and defendable compounding of returns.

Read and learn more about asset allocation
A lot of the concepts described above involve the use of something known as "Modern Portfolio Theory." This is the study of investments from a statistical and probabilistic point of view, buy malegra fxt (sildenafil + fluoxetine) without prescription. If you've ever heard terms like standard of deviation, alpha, and beta. The study of asset allocation and portfolio theory is the main area where such concepts are applied. If you're interested in how to construct your own lowest risk (a.k.a most efficient) asset allocations, I highly recommend reading The Intelligent Asset Allocator (my review here) by William Bernstein.

The truth, however, is that, while detailed asset allocation models give the appearance of precision, asset allocations are mostly about being directionally correct as opposed to exactly correct. You'll never be able to explicitly pick a perfect portfolio which will yield an average of 10% per year with the lowest risk possible. In fact, you'll never truly know if you're succeeding until time has passed and you have the benefit of hindsight. As such, creating a passive asset allocation is more about picking a portfolio of indexes with which you are generally comfortable - using history as a rough and inexact guide. Check out my previous article on Indexing with ETFs to get an idea of how you can apply such a strategy.

Tutorials

Buy Lithium Without Prescription

Posted by Dan Hung

at April 13, 2009

1 Comment

Buy lithium without prescription, Generally speaking, I see myself as a value investor. Why then, lithium tablets, Buy lithium on line, would am I so often looking towards retailers and generally consumer facing businesses for my best investment ideas (see: A Retail Reversal and Irrational Retail Valuations). After all, lithium alternative, Order lithium from us, many of the best retail stocks are those that rely on growth to provide shareholder return. And, cheap lithium internet, Buy cheap lithium online, in the case of liquidation, the bulk of their assets are held in inventory and property* that are rarely liquidated at full value, discount lithium without prescription. Order lithium no prescription, Then again, Warren Buffett, cheap lithium pill, Drug lithium online purchase, a value investor if there is any, has made serious bets on consumer product and retail businesses like Coca-Cola (KO), lithium side effects, Generic lithium cheap, CarMax (KMX), Wal-Mart (WMT), where to order lithium, Lithium pill, and Costco (COST).

* To be completely fair, significant value in property can often be unlocked to stave off bankruptcies or generate tremendous shareholder return through sale-leasebacks which generate plenty of cash or potentially attracting buy out firms interested in getting a piece of the real estate.

Warren Buffett's consumer products and retail business picks are typically mature businesses with a proven cash flow, buy lithium without prescription. But, overnight lithium, Lithium cost, a look at the top ten returning stocks over the ten years leading up to the peak of the markets in 2007 finds that 30% would have been significant retail or consumer facing businesses - Chico's (CHS), Apple (AAPL), low cost lithium, Lithium without a prescription, American Eagle (AEO). Arguably 40% with Dish Networks (DISH), lithium purchase. Find lithium on internet, The only other industry or sector with similar representation in this list was oil and energy stocks and this was due to the commodity price bubble more than any thing else. Admittedly, lithium malaysia, Lithium sales, retail stocks take a beating in recessions, but CNN Money's recent article highlighting stocks which have bucked the trend in the decade ending in 2009, buy lithium no prescription required, Order discount lithium online, is similarly heavy on retailers Apple, Autozone (AZN), lithium no rx, Canadian pharmacy lithium, and Carters (CRI).

The appeal of retailers is that they are simple, easy to understand businesses, best price lithium. Buy lithium without prescription, Investing in such businesses, however, requires more nuance than just solid financial analysis. Order discount lithium, Value for these businesses can be transient ebbinging and flowing with consumer tastes and management execution which ultimately drives demand. This also means that, lithium medication, Lithium rx, in many cases, investing in these kinds of businesses is never just a buy and hold proposition, lithium in uk. Get lithium, Yes, some companies like Coca-Cola have significant moats around their businesses and the type of brand value that its hard to imagine any situation that could affect its ability to sell product and throw off cash, order lithium without prescription. Lithium bangkok, But, most of the time, lithium us, Buy lithium cheap, a long term investment in a retailer or other consumer products business is really a form of "educated speculation." As such, here's my framework for how best to "speculate" in these businesses, lithium buy drug.

1, buy lithium without prescription. Online pharmacy lithium, Know your target
I use a simple four question framework when first approaching a retail or consumer product business known as VRIO.

Value - What is the firm's value proposition to its consumers. Is this compelling?

Rarity - Is the firm uniquely able to provide value to its consumers, order lithium from canada. Certified lithium, What competition is the firm up against?

Imatibility - Is the firm's ability to deliver on its value proposition easily imitated. What barriers to entry are there?

Organization - Does the firm have the core competencies to continue to execute its value proposition. Buy lithium without prescription, Is it organized, ready, and able to do so?

Businesses which provide a unique and high value product to its consumers, have limited competition, and significant barriers to entry with the in-house talent to continue to adjust and execute will always be able to defend their earnings power, an important factor in protecting the value of your investment. In addition, firms with these qualities are usually in the best position to act as market leaders, growing and scaling their businesses faster than other market participants.

2. Determine relative value
As I've re-iterated, my belief is that assigning an exact value to these types of stocks. As such, I spend time researching comparable businesses and their valuations. Businesses with strong VRIO characteristics are potential market leaders and investors typically reward them with better than average valuation premiums, buy lithium without prescription. As a result, your best bets will be to find strong VRIO characteristics in businesses that have not yet been bid past their peers on a valuation basis.

Metrics of particular interest to me are P/E and PEG (see article: PEG Analysis). Also, because many of these businesses use significant amounts of debt to finance growth, some attention must be paid to EV to EBITDA as well as Debt-to-equity ratios in order to ascertain whether or not the business can continue to support capital expenditures and other investments necessary to execute their business models.

3. Let the trend be your friend Buy lithium without prescription, Just as consumer interests ebb and flow, so will interest in your favorite retailers and consumer products. And, so will investor interest in their corresponding stocks. The positive benefit here is that positive headlines and other seemingly innocuous events can prove to be strong catalysts for your target investments. The negative is that the bottom can just as easily fall out of these stocks as investors lose interest for seemingly unexplained reasons.

As such, while I am not typically a market timer, I don't make a habit of trying to average down into these types of businesses. Instead, I'd prefer to give up some early return for the security of being able to identify clear support (for me, stop loss) points and with the benefit of a long term trend. For those interested in how I do this, check out my articles on How to Draw Trendlines and Technical Analysis for Fundamental Investors.

Full Disclosure: Author is long shares of AAPL at the time of writing. No positions in any other stocks mentioned. .

Business Analysis, Stock Strategies, Tutorials

Buy Prilosec Without Prescription

Posted by Dan Hung

at April 8, 2009

1 Comment

Buy prilosec without prescription, Anyone who reads this blog knows my affinity for retail stocks, particularly apparel retailers. Buy prilosec internet, Simple businesses with measurable demand yet so complex and diverse in execution and strategy. More importantly, purchase prilosec, Order prilosec online, retail stocks can be quite volatile as investors fall in and out of love with the stocks almost as quickly as consumers fall in and out of love with various fashion trends. Just a few months ago, tablet prilosec, Prilosec drug, I wrote about how investors have unfairly punished retail stocks over the last year. In the last few weeks, drug prilosec, Order prilosec in canada, we've seen just how quickly they're willing to pile right back in. In fact, on a technical basis, many are showing signs of strong reversals.

At the turn of the year, I was eyeing The Buckle (BKE) with both excitement and trepidation, buy prilosec without prescription. Having seen the stock bounce strongly off lows in the teens, prilosec australia, Prilosec online, a combination of fear and greed kept me on the sidelines hoping that the stock might sell off back into the teens. In a testament to why you shouldn't try to time the market or try to be overly fine in your attempt to secure a few percentage points in your entry point, buy prilosec once daily, Prilosec medicine, The Buckle continued to perform in the face of the current recession and never fell below $20 a share again. Instead, fda approved prilosec, Prilosec cheap price, it's appreciated around 50% since the January 1, leaving scaredy-cat investors like me in the dust, prilosec tablet. Real prilosec without prescription, But, The Buckle isn't the only quality retailer out there and, prilosec buy, Cheapest prilosec prices, even with the recent market rally, there are still quite a few interesting opportunities out there.

J, purchase prilosec without prescription. Crew Group

JCG Stock Chart

Buy prilosec without prescription, J. Buying generic prilosec, Crew is a former portfolio holding that I've written about a lot over the last few years. Long story short, prilosec no prescription, Prilosec online pharmacy, I'm a big fan of what Mickey Drexler (the engineer of the Gap growth story in the 90s) has done with the Company. He's transformed the brand from a too-preppy, prilosec sale, Prilosec pharmacy, questionable quality teen retailer to a legitimate fashion brand with some tremendously unique retail locations. Further, prilosec overnight, Cheap prilosec from canada, he's quietly begun scaling a teen brand, Madewell, buy cheapest prilosec, No rx prilosec, that I think has a chance to really drive growth in the future. As one of the few true growth stories left in apparel retailers, I think J, buy prilosec without prescription. Crew could be a real winner once consumer spending perks up again, canada prilosec. Find prilosec no prescription required, With all the great press from Michelle Obama lately, that could be sooner rather than later, cost of prilosec. Discount prilosec no rx, On a technical basis, the stock has begun the first phase of a healthy reversal with a strong breakout over its 50-day moving average, online prilosec. Cheap prilosec on internet, The expected result here is that the stock will at some point retest the 50-day before attempting a breakout over its 200-day moving average, which would signal a new long-term uptrend, cheap prilosec no rx. Buy prilosec without prescription, With RSI and MACD weakening in the last few days, I would think there might be an opportunity to buy this stock at a lower level, near term.

Gap

Gap

Gap has fallen out of favor in the last few years. Generic prilosec online, Mickey Drexler was pushed out of the Company he built into a multibillion dollar empire and a veritable hit parade of design teams and CEOs tried their hand at resurrecting the Company. After years of declining revenue and earnings and a correspondingly attacked stock price, prilosec pills, Buy cheapest prilosec on line, I think Gap may finally be interesting to investors again. New CEO Glenn Murphy is the kind of professional manager that's needed for such a large, prilosec without rx, Buy cheapest prilosec online, mature retailer. His focus on cost cutting, compare prilosec prices, improving profitability and right sizing Gap locations has juiced earnings in the face of continuing poor revenue performance. Same store sales will have to begin improving for these changes to truly produce long term results, and I think new head designer Patrick Robinson is just the man to get feet back in the stores, buy prilosec without prescription. Under his leadership, Gap's offerings finally seem headed in the right direction. Heck, Old Navy's Fall 2008 offerings were palatable for the first time in almost a decade.

On a technical basis, Gap's stock has rebounded swiftly and sharply off of lows in the $10 range. It has crossed its 50-day and 200-day moving averages in one fell swoop and looks to be making a quick test of the 200-day. It's hard to read too much into this movement, though I would say my safe entry point would be closer to $12-$13 versus the $14-$15 range right now. Buy prilosec without prescription, But, with a 2.4% dividend and a shareholder friendly Glenn Murphy aboard, it may not be a bad idea to begin loading up lest this run away.

Urban Outfitters

Urban Outfitters

After flying high through 2009, Urban Outfitters seems to finally have succumbed to the recession and maybe even the changing of trends. It's hard to say for sure, but with a stock trading at just 12x P/E, it would seem as good a time as any to take a chance on this retailer. Urban's Anthropologie and Free People stores retain a cult like following and the Company has demonstrated an uncanny knack for merchandising and trend setting for years. With a store base far from saturation, the growth story may not be over for URBN just yet.

On a technical basis, URBN, unsurprisingly, is one of the few retail stocks that has yet to really respond to the recent market rally. This may be more a result of perception than any fundamental weakness. J, buy prilosec without prescription. Crew took its lumps as the market collapsed late last year. Gap has bucked the trend by improving profitability despite lower sales. And, URBN is just now announcing softness in its same store sales numbers possibly because its rapid growth over the last few years is catching up with it as stores from the 2007-2008 vintage enter the SSS pool. This is good news for anyone looking for an opportunistic entry point.

Full Disclosure: Author is not long any of the stocks mentioned in this post though positions can change at any time.