Cold One, the only reason that Signet is down so hard is the reason why the entire brick and mortar retail industry is down, to include restaurants and other consumer discretionary stocks. With the impending verdict out of the trial in Minneapolis, the uber wealthy will use the chaos and fear to tank the markets with retail and restaurants leading the way. Jewelry stores always make a good target for thugs and crooks. Merely a false narrative being promoted to make the uber wealthy that much more wealthy. Also note that volumes are very low amongst all stocks today because the big money is only buying and selling what they have to, so as to tank prices, they will buy in earnest only after the verdict is read aloud and the rioting and looting begin. This will be 65 in a month, end of story, good to see you again, ha ha.
C
Brent 14 days ago
Yep, this train is far from going higher. They've merged brick and mortar with online and continue to do so with today's purchase. Raising my price target a lot higher. Buy.
This is why no one takes investing advice from Brent. She blew it again.
S
Alex, by the way, it was all about the fear potential, Wall Street takes advantage of anything that creates uncertainty and fear, the rich become richer and the middle class become poorer under those circumstances, thus why the top fifty billionaires in America saw their cumulative wealth increase by over 5 trillion dollars during Covid and the middle class, well record unemployment, collapsing stock markets, small businesses shuttering at record paces, pretty much being crushed.
B
Shorts finally capitulating/covering? They have to see like I buyers flocking in on every dip in price. Buy.
Y
What makes this retailer special? Would you put new money at 66?
D
Look at Signet's revised 1Q and full year guidance. The 1Q revised guidance is roughly a quarter of the full year guidance. Historically, Signet makes most of their profits in 4Q, and I expect this year will be no exception. That suggests the 2022 revised guidance is extremely conservative. This time next year, if not before, I expect that Signet will blow away the 2022 full year guidance it updated today. CEO Drosos is obviously under-promising so that she can over-deliver. And, don't forget that during last year's all-important holiday season, coronavirus was rampant in most parts of the U.S., as well as in UK, which severely impacted foot traffic in physical stores. Hopefully, by the current year's holiday quarter, the pandemic will subside, and consumers will throng the physical stores for holiday shopping. That's just another reason why I expect easy YOY comparisons to flatter financial results this year.
B
Volatile little effer. Nonetheless, a dynamo on the way up. Buy.
B
11x earnings for a company quickly becoming the GOAT in jewelry is outlandish. Quants/algos/HFTs will be soon smoked on the way to at least $70. Buy.
B
Yep, this train is far from going higher. They've merged brick and mortar with online and continue to do so with today's purchase. Raising my price target a lot higher. Buy.
B
SIG is well aware of what's happening with the Covid in India and will navigate us through it. Buy the dipper! Going much higher.
B
Whomever is selling here is not doing so on fundamentals. No one would sell a stock trading at 12x earnings, now a GOAT in its industry. Buy the dipper!
C
The Coldone covered his short from $56.44 at $54.72 today. Will short again if this dog goes over $60.
The Coldone always wins!
A
I didn't even know today was a down day for the market. just been watching this beautiful SIG ticker flash shades of green. Will be on the presentation today
W
Totally insane value when ships do not sail
B
Seriously, SIG trading at 12x next year's earnings is a gift of lifetime. Get out of the market if you can't see it's deep value here. Buy.
j
why is Signet going into the jewelry rental and recycle business by acquiring Rocksbox. Jewelry is something that people collect, cherish the value and a good memory, display beauty and brand, etc. But rental and recycle products are usually related to the cheap and worn-out products already used by other people. It just does not make sense. It sounds like that Saks Fifth Avenue is going into thrifty clothing business. It also sounds like that the management have no patience to cultivate a culture and attractiveness of its business but just desperately to increase its revenue.
C
Coldone 7 days ago $SIG conversation
The Coldone covered his short from $56.44 at $54.72 today. Will short again if this dog goes over $60.
The Coldone always wins!
U
Fourth Quarter Fiscal 2021:
Total sales were $2.2 billion, an increase of 1.5% to last year. Same store sales ("SSS") grew 7.0%2.
eCommerce sales increased 70.5% to last year and were 23.4% of sales.
Brick and mortar SSS were down 4.2%.
Operating cash flow of $1.4 billion with cash and cash equivalents of $1.2 billion at year end.
Ending inventory was $2.0 billion, $299 million lower to last year.
Fully paid down revolving credit facility and FILO loan during the quarter.
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B
Shocked no new buy recs here . Indictment of the brokerage community imo. What possibly do they look for? Buy.
J
Signet has once again proved to be a phenomenal turnaround story (for those of you who don’t know, Signet was once Ratners with a CEO who killed the company saying the jewellery lasts as long as a prawn sandwich!). Investment in tech (fantastic diamond viewing technology), trust back from the consumers, and a reopening play. Strong FCF and balance sheet. A lot to like. BUY
Yep, this train is far from going higher. They've merged brick and mortar with online and continue to do so with today's purchase. Raising my price target a lot higher. Buy.
This is why no one takes investing advice from Brent. She blew it again.
The Coldone always wins!
$SIG conversation
The Coldone covered his short from $56.44 at $54.72 today. Will short again if this dog goes over $60.
The Coldone always wins!
Total sales were $2.2 billion, an increase of 1.5% to last year. Same store sales ("SSS") grew 7.0%2.
eCommerce sales increased 70.5% to last year and were 23.4% of sales.
Brick and mortar SSS were down 4.2%.
Operating cash flow of $1.4 billion with cash and cash equivalents of $1.2 billion at year end.
Ending inventory was $2.0 billion, $299 million lower to last year.
Fully paid down revolving credit facility and FILO loan during the quarter.
Â