Express, Inc.$4.58(-4.18%)

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dmoney Well-calibrated. Correct 80 % of the time. 4199.02
$4.5 $6.5 forecast for 2020-02-29

Express inc has had a solid run lately after the company announced that it will close down 91 stores within the end of 2022 and save costs of $100 million. 2019Q4 results will have a big impact as people are excited to see the effect of the new strategy and brand image.

dmoney Well-calibrated. Correct 80 % of the time. 4199.02
$4 $12 forecast for 2020-12-31

Express is a fashion retail company, mainly operating in the US with a total of about 630 stores and an ecommerce website, but also with franchisees in Latin Amerika. It offers clothing and stuff for men and women. The company has seen declining revenue and declining earnings over the last few years. In 2019 the company posted slightly negative earnings for Q1 to Q3 and stock holders saw the price crashing, but since the bottom in september 2019 the stock is up about 150%, partly as a result of the management launching a share repurchase program in late 2019, but it's still down 80% from the top back in 2013.

Express Inc has a super solid balance sheet, no debt and 170 million in cash on a market cap of 300 million. The market then clearly expects the company to slowly die, which is understandable given that the company's exposure to physical stores is huge and almost no one expects shopping malls to be the future of shopping.

Express Inc is trying to renew itself and launched a new brand strategy and got a new CEO in 2019. The company clearly still has a lot of runway with it's cash reserve and the development will thus be totally dependent on if the company can manage to renew the publics interest in their clothing. The 2019Q4 results will have a huge impact on the price development as investors are waiting to see signs if their new strategy works or not.

I think the company will manage to be successful, at least in the short run to increase their sales and earnings and I'm therefore bull. I don't have any great reasons to believe so, but I have taken a closer look at their website and I like what I see. Also the management shows confidence in the future by starting the share repurchasing program.

insighter 0
$1 $2.5 forecast for 2021-12-31

Online shopping is the future. They will have to transition to online from physical stores. Must probably do massive write offs in the process. Bear

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