Transaction log

  • Mar 19, 2020 - Bought 50 @ $18.14 (1.15% wtg, opportunistic)

  • Apr 27, 2020 - Bought 35 @ $21.18 (85 shares, 1.73% wtg)

  • December 4, 2023 - Sold 45 @ $20.31 (40 shares, 0.51% wtg)

Zumiez

Location: Lynnwood, Washington

 

Profile

Industry: Apparel retail

Sector: Consumer discretionary

Theme: Retailers survive Amazon.com threat

5-Year gross profit growth: -4.7%/year

5-Year shareholder growth: +8.5%/year

Estimated fair value: $40

Valuation assumption: 1.5 x annual gross profit

Operating income/gross profit: 6.4%

Insider ownership: 25.9%

Estimated fair value history

  • Jan-25 - $33 (1.5 x annual gross profit)

  • Apr-25 - $32

  • Jul-25 - $35

  • Oct-25 - $36

  • Jan-26 - $37

  • Apr-26 - $40

History
Gold breaks out to new highs
Gold breaks out to new highs

Gold hit an all-time high last week, yet gold stocks have lagged behind. This gap should close. As a result, we’re adding to Agnico Eagle. [trades]

Are “non-essential” retailers marked for extinction?
Are “non-essential” retailers marked for extinction?

"Buy when there's blood in the streets." This adage certainly applies to retailers severely impacted by government shutdowns. [trades]

In a crash, cash is king
In a crash, cash is king

If you think the world is not coming to an end (my best guess), it's probably time to buy quality retailers at bargain prices. This too shall pass and the sun will come out. [trades]