This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PriceSmart Seizes Market Opportunity In Central And South America - Research Report On PriceSmart, Inc.

NEW YORK, January 24, 2013 /PRNewswire/ --

PriceSmart, Inc. (NASDAQ:PSMT) [ Full Research Report] (1) is tagged as the Caribbean Costco after establishing a stronghold for its brand in Central and South America. From being a timid spin-off to a 30-strong warehouse club, PriceSmart has the bragging rights to be a big name where it operates. While there is a lot of competition in the market, the company's recent surprise to analysts are figures that show the sum of it all.

PriceSmart is relatively young in the industry, but it has a lot of potential. The company's gains have exceeded expectations after raking in 11.8% of increased sales and 20% of additional membership income. Investors have been particularly bullish about the company's growth story, and an important thing to note when assessing PriceSmart is the key markets that the company continues to penetrate.

Analysts are expecting Central and South America to be bright spots this year and beyond. The company recently entered Colombia, South America's third largest economy, where the market is expected to be bigger than the markets in Costa Rica and Panama. By focusing on Colombia and Costa Rica, it's not hard to conclude that PriceSmart has more growth stories to share.

The company does have a lot of potential to be the next Costco, but it is better for PriceSmart to be plainly PriceSmart. Regardless of owning up to its reputation, it obviously has the upper-hand in its markets. With an impressive renewal rate of 86% and a membership income of 20%, PriceSmart is a trusted brand that is preferred by households. The most important decision that PriceSmart and its executives should make is expansion. By expanding their operations in markets where doing business is looking bright, PriceSmart can truly seize the market and seize the day.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs