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Buckle Bucks the Retail Trend

Title:

Buckle Bucks the Retail Trend

Published: Wed, 24 Jun 2009

Description: Robert Maltbie of Singular Research on why The Buckle is a stock to watch.

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Automatically Generated Transcript (may not be 100% accurate)

" We're going to be next speaking about three stocks that may have some room to grow Robert -- singular research joining us now. Onset with a couple stocks that his analysis shows have some. Upside potential one stocks you've brought and you may not know this inane and I've been sort of talking about on a recommendation way he felt but I do that I've been writing about it is June of -- almost a year ago might be the year anniversary. My first posting about. The buckle the book go tell me why you like this company love the buckle up here you have a retailer that is actually growing in. Rather. They're growing faster they are in a rather flat environment for retailers tough one. They see you making all the right moves. At the right time they're expanding their stores but mainly it's. The products they seemed offers -- so we seek cool clothes clothing trends fashionable clothing for. -- teenagers young young adults that great prices right now instead of going to Bana. 300 dollar pair of jeans true religion to some of the buckle it's almost a school for seventy bucks but to -- great."

" But how long can they keep growing sales and double digit rates win because today will live when -- it's Starbucks. And and fly in sales were slow and it will flop eventually have you -- other other retailers across the street from each other. Well maybe that few people but you never know again Lilly bid they'll grow until they can't growing more."

" That's that's sort of magic question day and but we think you know and forty states 370 stores they've got a pretty good foothold but. There's ten more states ago and you know I don't Los Angeles and you look in the -- just really get started even in LA so I think. From the midwest on out there's going to go to the other coast and we think we have a couple more years. Stock hasn't responded that well though you know and it -- up looks up couple bucks is -- wrote about him back in June. But yet despite this growth attention to meet at the market hasn't reacted little more favorably to the equity itself. We know why -- point. The market over I think just doesn't trust retail and -- how point. Looking at this bump up in the market where. Growth companies like the buckle -- going to start catching some investment dollars now that. Have a level playing field blog the beat up stocks companies that can beat earnings estimates and show positive. Near and long term growth. -- got to do well so we think it's it's time. Pawelski like got two more we said Correa won well -- which we already known as American taxpayers. That's drive and we think there's good news that investment city. Like city it's the soccer realists they hate that they're the biggest beneficiary company everybody loves me right now and for very good reason I think but I think. You've got. Company benefits most from TARP. They benefit the most they're the ugly -- benefit the most from the big changes with the accounting changes. -- Heck -- this yield curve if you spread five points they're getting money. Next to nothing. Even -- should make money now if they can we think change management little bit get some real bankers in there instead of investment bankers. People who I know it's not really the federal government is it not why would that be a white and anchor around his neck fit well it. I don't know if I want to go there much detail but it is still -- from candidate. Officially and his his team are more investment bankers you know we think they really create a lot of problem that cities had while the banks -- Being a good -- fashion bread and butter commercial bankers. We'll the last day he got here is not the nice family next door though it sounds like it's a nice stocky like. The Anderson yeah -- since. Again three out of four last quarter's -- they're demonstrating positive earnings growth beat the estimates. Well positioned. Grain elevators moving corn. We think there's -- a Monsanto like. Coming up exactly you know the F and all the alternative fuels that helps Anderson's quite a bit. But also feeding emerging markets. And transporting corn. Big beneficiary of that trend as well and reasonably priced. And all fertilizer grains -- these things like hot ideas -- here Canada. Very hot and Anderson -- Valuation and I think it's gotten clobbered and the earnings are still growing in the long term demand is still there particularly feeding emerging markets. Armed -- mafia Cingular research just a little checking on the buckle here. -- Not to know you know are run screens it's hard not to notice what a company's growing same store sales twenty and 30% in a month. When other companies for you retailers. A lot of rumors doing this so it's faith is believing and hate this is real growth what's trusted. Now they're based in Kearney Nebraska to corn Huskers you know -- Robert thank you very much but exactly ten you know. Grain related to thank you."

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