The Panic-Proof Portfolio (Stockchase Research)
Kirkland's, Inc.
KIRK-Q
TOP PICK
Sep 09, 2021
Stockchase Research Editor: Michael O'Reilly This specialty home decor retailer has benefitted through the pandemic as lockdowns had people adding to their nests. Although sales expectations are not likely to follow last year's feverish pace, it is still good value here. It trades at 9x earnings compared to peers at 20x and has been building up cash reserves, while buying back stock. We would buy this with a stop loss at $17, looking to achieve $36 -- upside potential over 63%. Yield 0% (Analysts’ price target is $35.75)
Stockchase Research Editor: Michael O'Reilly This specialty home decor retailer, who has benefitted through the pandemic as lockdowns, is reiterated as a TOP PICK. It reports on earnings this week, so we will recommend a tight stop -- trailing up from $17 $19. It continues to trade at good value compared to its peers (9x earnings compared to peers at 18x). We also like that they have been building up cash reserves, while buying back stock. We continue to see upside potential towards $36 -- upside potential over 65%. Yield 0% (Analysts’ price target is $36.33)
(A Top Pick Dec 29/21, Down 12%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with KIRK has triggered its stop at $19. To remain disciplined, we recommend covering the position at this time. Combined with the previous buy recommendation, this results in a net investment loss of 12%
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