Here's something you might be interested in.
Stock of San Diego-based Charlotte Russe Holding, a retailer of clothes for young women, has been more than halved this year, even though sales and earnings are up nicely through the first nine months. Wall Street analysts keep saying that sales are decelerating. The company reports fourth quarter results November 8. Yesterday, the stock closed at $14.80, down 36 cents. It has been as high as $33.93 this year. So the stock is downtrending sharply in a rising market. Bottom-fishers might find the stock attractive. But the November 8 report might disappoint, as Wall Street expects.
Stock of San Diego-based Charlotte Russe Holding, a retailer of clothes for young women, has been more than halved this year, even though sales and earnings are up nicely through the first nine months. Wall Street analysts keep saying that sales are decelerating. The company reports fourth quarter results November 8. Yesterday, the stock closed at $14.80, down 36 cents. It has been as high as $33.93 this year. So the stock is downtrending sharply in a rising market. Bottom-fishers might find the stock attractive. But the November 8 report might disappoint, as Wall Street expects.