Jos. A Bank -- Buy One Share, Get Three Free?
Menswear retailer Jos. A Bank (JOSB) decided to wait until last Friday evening to pre-announce they would miss fiscal Q4 and full year estimates by quite a bit. Management now projects that the quarter ending Feb. 2 EPS will be about 96-cents versus last year's $1.57. Full fiscal year 2012 EPS is now projected at $2.79 versus $3.49 a year earlier.
The news caused JOSB to gap down to its lowest point since 2010 at $37.31 during early trading on Monday. The stock was going for $38.10 as of 1:10 P.M. Is the current price low enough to make JOSB attractive?...313 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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