Stock trading negative after upping quarterly guidance - not something you see everyday. Oh well..
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SIG owns Kay and Jered. Now they bought Diamonds Direct. 👍
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Signet Jewelers reached a 52 Week high at 90.24
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Signet hit the ball out of the park today. But, wait! That was only second quarter results (ended July 31). Remember that Signet historically earns most of its profit in the 4th quarter! Yes, I understand that Signet raised its full year guidance, but three months ago, Signet also raised its guidance! Do you remember? Thing is, the guidance Signet gave three months ago was WAY LOW, so I predicted on this board that Signet would easily beat that guidance, which Signet did today. CEO Drosos is super conservative. In other words, she gives low forward guidance so that she can easily beat that guidance! Look, if that doesn't convince you the stock is undervalued at today's trading price, I'd point out to you that today Signet said free cash flow year-to-date was $348 million (excluding sale of receivables). But, remember, Signet ALWAYS earns most of its profit, and garners most of its free cash flow in the all-important fourth quarter (4Q). What that tells me is that full year free cash flow will be easily double the YTD free cash flow of $348 million. That would mean that full year free cash flow should exceed $700 million, or roughly $14/share. YES, FULL YEAR FREE CASH FLOW IS SET TO EXCEED $14 PER SHARE, EXCLUDING SALE OF RECEIVABLES! SIGNET SHARES ARE EASILY WORTH $100! BUY!!!!
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what's happening today?
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This stock is a winner . On a pull back, I buy more . I am heavily weighted in this company so I follow it every day. I haven’t heard about shipping or labor problems etc . This company is growing fast which can be good and challenging at the same time but seems like management is handling it well . If anyone hears any updates on the company, please post . We’re in for the long haul . $CELH $SIG $A $TRMB
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Signet is hanging in there . It’s about 8 points from its high. If you believe that more couples are getting engaged and that the holidays will bring more sales , this would be a good choice. I am long, without a doubt. ( I also own CELH, UPST, INMD , BAC, CMRE …. I sold TRMBLE)
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Congratulations, ladies and gentlemen!
Q2 same store sales ("SSS") up 97.4% (1) to Q2 of FY21 and up 38.1% to Q2 of FY20. Non-GAAP diluted EPS(2) of $3.57, an increase from a loss per share of $1.13 in Q2 of FY21 and EPS of $0.51 in Q2 of FY20.
Insane results!
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Is it time to buy the dip?
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every retailer is blowing away estimates and providing upbeat forward guidance. I don't expect any different from $SIG. looks like this is on the warpath back above 80. remember they sandbagged guidance in the back half of the year, I think there is a high likelihood of that being upped significantly.
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SIG is a criminal organization that should be put out of business. ANYBODY shopping there is getting ripped off big-time. A Jim Cramer favorite because it has no regard for people.
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I heard about SIG the other day on (http://Stocks-tracker.com). It’s looking like an interesting play.
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Wow, I really need to pay more attention. Glad I have the few shares I have. Hooray for jewelry!
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Wait for it - as soon as SIG drops below $80 Coldnuts will post that she shorted and made money - LOL at her
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Signet Jewelers is down 7.09% to 63.94
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Looks like 120-130
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Oh no coldnuts, you just lost an additional 7% today on no news.
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I think this is a candidate for a possible massive short squeeze.
1) majority of float is short, well over 50%
2) operating cash flow is positive (this is a consistently profitable business despite it closing less profitable locations/shifting out of malls to offsite locations and getting leaner, as any company does).
3) Amazon or any other online sales platform threat is overblown. People dont buy big ticket items online without seeing it just like cars, homes, expensive clothes, phones, purses, shoes, etc. They shop online and then want to see in person before buying.
4) Intangibles and depreciation is whats masking the net income. Net income is going to switch to positive next year as that rolls off.
5) Diamond industry is fine and actually growing. Check out the 2018 Bain capital overview.
6) The industry is consolidating and Sig had a good chance of being an acquisition target.
Well see what happens but I think its worth an options bet at the least and you would probably be fine with a long. Once the scary chart reverses more confidence will come through....or an acquisition.
No need to get tribal in here good luck to all.
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SIG has managed to strike important price deals with its suppliers. At 6b of sale their cost of goods is 3bn. They have managed securing 12-13% reduced prices from its vendors. This would mean a bottom line increase if 390 mn keeping sales constant. I think this is poised for a good bounce back once these numbers show up on the results. It’s a tough one to hold but I don’t think bankruptcy is happening. Strong hands needed.
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Tiffany's P/E is 31, Signet P/E is under 10. And Tiffany's market cap is 5.5X the size of Signet's. Time for a buyout to save the company from the CEO.
I haven’t heard about shipping or labor problems etc . This company is growing fast which can be good and challenging at the same time but seems like management is handling it well . If anyone hears any updates on the company, please post . We’re in for the long haul .
$CELH $SIG $A $TRMB
Q2 same store sales ("SSS") up 97.4% (1) to Q2 of FY21 and up 38.1% to Q2 of FY20.
Non-GAAP diluted EPS(2) of $3.57, an increase from a loss per share of $1.13 in Q2 of FY21 and EPS of $0.51 in Q2 of FY20.
Insane results!
1) majority of float is short, well over 50%
2) operating cash flow is positive (this is a consistently profitable business despite it closing less profitable locations/shifting out of malls to offsite locations and getting leaner, as any company does).
3) Amazon or any other online sales platform threat is overblown. People dont buy big ticket items online without seeing it just like cars, homes, expensive clothes, phones, purses, shoes, etc. They shop online and then want to see in person before buying.
4) Intangibles and depreciation is whats masking the net income. Net income is going to switch to positive next year as that rolls off.
5) Diamond industry is fine and actually growing. Check out the 2018 Bain capital overview.
6) The industry is consolidating and Sig had a good chance of being an acquisition target.
Well see what happens but I think its worth an options bet at the least and you would probably be fine with a long. Once the scary chart reverses more confidence will come through....or an acquisition.
No need to get tribal in here good luck to all.