I was looking through the list of top % gainers on the NYSE this afternoon and came across an 'old favorite' of mine acting quite well, in fact closing at $27.85, up $1.69 or 6.46% on the day. I do not own any shares nor do I have any options on this stock.
I say 'old friend' because this will be the third time that this Aeropostale has come to this blog's attention. I first posted ARO on Stock Picks Bob's Advice on September 15, 2003 when the stock was trading at $27.25. Adjusted for two 3:2 stock splits (April, 2004, and August, 2007), this works out to a pick price of $27.
I was looking through the list of top % gainers on the NYSE this evening and came across an old favorite of mine, Aeropostale (ARO) which closed at $42.06, up $1.95 or 4.86% on the day. I do not own any shares nor do I own any options on this company.
I first posted Aeropostale (ARO) on Stock Picks Bob's Advice on September 15, 2003 , when the stock was trading at $27.25. On April 27, 2004, ARO had a 3:2 stock split making the effective stock pick price actually 2/3 of that amount or $18.17. Thus, with today's close, the stock has appreciated $23.89 or 131.5% since posting about 3 1/
Shares of JCPenney (NYSE: JCP) tumbled on Friday after the company reported a decline of more than 50% in third quarter profits, driven largely by extremely weak consumer spending.
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Merriman upgraded Smith & Wesson (NASDAQ:SWHC) to Buy from Neutral on valuation after channel checks indicated an increase in gun sales in October after an Obama win became apparent. The firm believes shares can trade up into the $4 to $5 range.
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Today is the first day of rational trading in retail in a long time - stocks that perform are up, and the junk people have been flying into on the "gasoline down 50 cents will drive people into the malls en masse" are being punished. I can enjoy this one day of rationality. That seems to happen whenever facts like this morning's same store sales figures across the sector are announced. On the plus side for hedgies those facts can be dismissed the other 29 days of the month in favor of "thesis". But today the facts win out.
We own 3 retailers to take advantage of the "early cycle nonsense...
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ARO
About Aeropostale Inc
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I was looking through the 
Shares of 
