| vik589 Sat Oct 20, 2007 11:37 pm |
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CPWM Hi Blast
have you come across this stock during your research? The average earning for the past 10 yrs is $0.82. So at current price of 3.40 this is trading at P/E = 4.16. Your comment would be highly appreciated. Thanks |
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| blast_investor Mon Oct 22, 2007 2:43 am |
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Hi vik589,
The stock looks cheap and there is quite bit of insider buying in the recent past too.
It appears to me that this home furnishing sector is on the sector downturn, Pier 1 also had loss too. This sector wise trouble may have to do with current slowndown in housing market. People tends to replace old home furnitures when they buy new homes.
This stock would be long wait on the turnaround on the home sector. When housing market turns up, this sector probably would turn up too. |
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