The damage to the retail sector has been extensive and also draconian. We all hate retail stocks, shopping malls and restaurants. We’ve become a hermit class of people who hole themselves up in our Mcmansions, grilling chicken in secrecy, ordering wares online. Human interaction is something of the past, things people did in the 80’s and 90’s, for old people.
The cycle of life is perpetual and what’s hated now will be loved later. I am sure most of you hated NFLX at $60, HLF at $25 and you all bought oil at $140.
Thanks to the Market Intelligence Platform known to you as Exodus, I am able to quantify the valuations of the retail sector to determine whether or not they are cheap, from a historical standpoint.
One industry that isn’t 2008 cheap, but instead 2012, are the restaurants. I’d ask that you look at the median p/s ratios for all of the data I am about to display.
Textiles and Footwear are the cheapest in a decade.
Apparel stores are cheapest since 2008.
Grocery stores are cheap as fuck. Judging by this, Americans are dieting. We both know that shit isn’t true.
Specialty retail are 2008 cheap. No one gives a flying fuck about them.
What the fuck is going on here? Is Amazon bankrupting the entire economy? This looks like the gloomiest shit I’ve ever seen. These valuations are retardo cheap, pricing in absolute and a very resolute collapse.
On the restaurant end, I’ve been pointing out to the massive spike in valuations. I even had my guys doing the Exodus demos point this out to people. By the way, if you need a demo, email me.
This is a classic under promise heading into the best time of year for the sector. If they were entering the X-mas season with big dicked gains, I’d be reticent about posting such an egregious article. However, all these morons have to do to avoid disappointment, from my vantage point, is open up the god damned stores. Investors are treating retail as the misfit asset class of the U.S. economy, tossing them into the flaming trash bin and writing them off as bankrupt.
If you enjoy the content at iBankCoin, please follow us on Twitter
And there’s this: http://www.bloomberg.com/news/articles/2015-04-14/americans-spending-on-dining-out-just-overtook-grocery-sales-for-the-first-time-ever
And on another note, can we suggest the middle east refugees head towards their nearest China ghost city?
Fly URBN looks cheap here in afterhours. Might take a stab in a day or two. What’s your take on this one? They still seem to be making lots of $$$?
I am going to narrow in on a few names in my next post. I was looking at URBN and I have mixed opinions.
Why not get rid of all these bloggers and get someone to do a vlog. My eyes are far too lazy to read.
vagrant
Why would anyone actually shop at a store when they can amazon?
XRT still 2x higher than 2007 peak… what am I missing here?