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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
