November 18, 2009
SpeculatingStocks.com Stock Pick: Joe's Jeans Inc. (JOEZ)
Stock Price: $1.33
Joe's Jeans Inc. designs, produces and sells apparel and apparel-related products to the retail and premium markets under the Joe's brand and related trademarks.
JOEZ has grown revenue the past three fiscal years from $46.6 million in 2006 to $62.7 million in 2007 to $69.1 million in 2008. Profits the past three fiscal years have grown from ($9.29 million) to $2.25 million to $4.90 million.
JOEZ quarterly revenue and profit have grown the past three quarters. JOEZ is trading at a market cap of only around $80.41 million and a PE of only around 15.47.
We believe apparel stocks are about to get hot again and JOEZ is well positioned to be recognized as a value play in the space and up and coming small-cap player in the apparel industry.