NEW YORK (TheStreet) -- It's a rare that I get interested in a growth stock.
Call it a shortcoming or perhaps an investment philosophy character flaw, but I'm just not wired to be a growth investor. During the tech boom, I was buying boring and cheap companies, while many of my colleagues were into the latest highflyers. They were making money, too; at least while it lasted. But the bottom line is that I'm just a value guy at heart, and that is unlikely to change.
Occasionally, however, I'll take a position in a former growth company that has gone to the "dark side," as growth investors begin to give up and formerly high multiples become more compelling. It happened with eBay (EBAY) a few years ago and more recently with Corning (GLW), which I still own.
One company that is starting to look interesting is retailer Five Below (FIVE). Now, this is no eBay or Corning, for sure. Somewhat new to the scene having gone public in July 2012, it's not exactly cheap.But for a company with a great retail concept that is also in its infancy, it appears as though the growth crowd has turned on it, at least for now. Shares are down 36% since mid-November, with much of that damage done due to lowered company outlook for its fiscal fourth quarter. FIVE data by YCharts
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