7-18-2016
“Grandma, I’ll always like Spiderman, even when I’m all grown-up, he’ll still be my favorite.” Our youngest Grandson, Evan, stated as he was picking out a new backpack for his 2nd Grade school year. He informed me that his 1st Grade backpack was for a 1st Grader, not someone as grown up as he going into 2nd.
With all the craziness going on in the world, his innocence is refreshing and huggable.
If you are investing in a new school backpack, which one offers the best value for the price? Why a JanSport of course!
JanSport, Inc. designs, manufactures, and sells packs and outdoor gears. It offers backpacks, laptop/tablet bags, professional bags, messenger bags, outside bags, totes, rolling bags, and waist packs; outdoor bags that include daypacks, multi-day packs, and outdoor travel bags; digital accessories that include iPhone accessories, iPad/tablet accessories, and laptop sleeves; and travel bags that include carry-on luggage, checked luggage, and duffels. The company also provides collegiate apparel. Its products are available online; and through a network of retailers in Brazil, Canada, Chile, Hong Kong, India, the Philippines, Saudi Arabia, Taiwan, the United Arab Emirates, and the United States. JanSport, Inc. was founded in 1967 and is based in Alameda, CA. (I apologize for sounding like a commercial!)
JanSport offers the following company policy for packs, bags, and luggage: JanSport engineers quality, durability, and reliable products. So, if your pack ever breaks down, simply return it to our warranty center. We’ll fix it or if we can’t, we’ll replace it or refund it. We stand by our packs for a lifetime and since we’ve been making packs since 1967, that’s a guarantee you can stand by.
I love this policy! If I invest $35 on a JanSport backpack for each one of our nine Grandkids, technically, they can use the same backpack throughout their years in school.
JansSport is a subsidiary of VF Corporation, $VFC.
VF Corporation is an American worldwide apparel and footwear company founded in 1899 and headquartered in Greensboro, North Carolina. VFC designs, manufactures, markets, and distributes branded lifestyle apparel, footwear and accessories.
Other subsidiaries of $VFC include the brands: LEE, Wrangler, Rustler, Jantzen, Redkap, Bulwark, The North Face, Eastpak, Nautica, Vans, Kipling, napapiijri, Reef, Majestic, lucy, Eagles Creak, and Timberland.
On June 30, 2016, $VFC signed a definitive agreement to sell it’s 7 For All Mankind, Ella Moss, and Splendid subsidiaries to Delta Galil Industries, Ltd. The selling price is $120M, subject to various working capital adjustments.
Today, $VFC Market Cap is $26.69B with a volume of 1,741,110. It Yields 2.31 with a DIV rate of 1.48, and EPS (TTM) of 2.79 and a PE Ratio of 22.90 and a stock price of 64.01.
Now if I could just find tennis shoes, and coats with at least a one year warranty, I would be feeling pretty lucky with the rest of the school year.
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