Investment that could wear well

Why I bought the not-so-average Joe's Jeans.

By Wall Street Media on MSN Money Feb 17, 2010 6:26PM
By Douglas Estadt

When done right, the premium denim business can be very lucrative.  Joe's Jeans is an example of a standout denim company, and that is why I bought their stock. Here are the main reasons I bought JOEZ:

 

  • Well-managed company.
  • Growing sales, up 42% in their most recent quarter.
  • Recently signed leases to open new stores.
  • Focusing on and adding new top-of-the-line designs while outsourcing their manufacturing.
  • Low p/e ratio.
  • Cash reserves.

 

To learn more about these Joe’s Jeans, view the video below.



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