Do you know what time it is?
Tell me do you know?
Do you know what time it is? -- Kool Moe Dee
CatalystsYou could have the cheapest stock in the world, but if there are no catalysts to get it moving, all you have is a cheap stock, not a good investment. Movado has several things going for it that could lift its share price in the coming year. Movado enjoys strong sales at Macy's. The department store will be expanding as parent company Federated Department Stores ( FD) will convert several stores including Kaufmann's, Filene's and Marshall Fields into Macy's, as part of its acquisition of May Department Stores. This should enable Movado to expand the number of high-performing retail partners.
|An Aspiring Collection |
Movado stacks up well to other purveyors of luxury goods
|Kenneth Cole (KCP:NYSE)||16.5||20.3||1.3||0.6||14.9|
|Tommy Hilfiger (TOM:NYSE)||19.8||16.7||1.1||0.9||13.4|
|P/B = price to book |
P/S = price to sales
P/CF = price to cashflow
Source: Thomson Financial