Aeropostale shares have declined 35% since its 52 week high in April. co-CEO of The Markets Are Open Allan Edwards sees a mis-priced security in the stock market. Edwards stated "while I have had discussions with CEO's [Mindy] Meads and [Thomas] Johnson, I do not feel a great sense of passion and leadership from those two, at the same time, their security is now mispriced." Edwards lamented that Aeropostale stock now trades under a 9 PE with over 10% revenue growth expected this year and no debt. Edwards finished "Aeropostale is not a capital intensive business and its growth can be funded at very little cost, and thus it can be seen as a stable and attractive investment."
To see Edwards full report on Aerpostale click here.
No comments:
Post a Comment