Special Situation Report:
Date: August 09, 2004
Newsbreak !
Profits are up huge for Liz Claiborne, Inc. (NYSE: LIZ), and an article was featured by the very respectable web site, TheStreet.com! Liz Claiborne's Profit Grows: by Meredith Derby, TheStreet.com Staff Reporter, 7/29/2004. Our Feature Profile:
Apparel and accessory design company Liz Claiborne, Inc. (NYSE: LIZ) posted a rise in second-quarter earnings Thursday and increased its full-year earnings
forecast above analysts' estimates. The company's shares were recently up $2.06, or 6%, to $36.20. The company now expects to earn $2.83 a share in
2004 vs. the consensus for $2.77 a share, and up from a prior estimate for $2.79 a share. Shares of the company were moving up $1.70, or 5%, to
$35.84 in Thursday trading. In its second quarter ended July 5, Liz earned $50.6 million, or 46 cents a share, above the consensus expectations for
43 cents a share. That compared to $44.6 million, or 41 cents a share, in the year-earlier period. The story contains many positives about the company.
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exciting story.
(NYSE: LIZ)
Company Profile
Liz Claiborne, Inc. engages in the design and marketing of women's and men's apparel, accessories, and fragrance products worldwide. The company offers junior's, men's, and women's sportswear, jeanswear, and activewear; jewelry and cosmetics; bath and body-care products; and accessories, including handbags, wallets, and belts. It also offers women's and men's outerwear, footwear, and watches; women's intimate apparel, legwear, neckwear, sleepwear/loungewear, swimwear, dresses and suits, bridesmaid dresses, and accessories; men's accessories, shirts, pants, sleepwear/loungewear /underwear, socks, and tailored clothing; and men's and boy's neckwear; children's apparel, legwear and socks, shoes, and swimwear. Liz Claiborne also offers decorative fabrics, blankets and throws, furniture, games and toys, and tabletop products. In addition, the company offers shower curtains, towels, bath accessories, floor coverings, sheet sets and pillow cases, bedskirts, and decorative pillows, as well as window treatments, including panels and valances. As of January 1, 2005, it operated 269 specialty retail stores and 622 concession stores. Liz Claiborne is based in New York City.
Company Products:
Major clothing apparal that can be selected from the company's web site are:
Misses,
Petites,
Plus Sizes,
Golf Wear,
Men,
Accessories,
For The Home, and
Items on Sale.
Key Management:
- Mr. Paul R. Charron, Chairman and Chief Exec. Officer
- Mr. Todd Howard, Group President
- Mr. Michael Scarpa, Chief Financial Officer and Sr. VP
- Benedetta Casamento, VP and Group Operating Director
- Mr. Robert J. Vill, VP of Finance, VP of Treasury, Head of Investor Relations and Treasurer
SEC Filings:
Recent SEC filings for Liz Claiborne, Inc. can be found at: http://finance.yahoo.com/q/sec?s=LIZ
Key Competitors:
Key competitors for Liz Claiborne, Inc. can be found at: http://finance.yahoo.com/q/co?s=LIZ
Share Information
| Exchange and Symbol | NYSE: LIZ |
| Recent Price | $35.20, August 09, 2004 |
| 52-week High - Low | $38.9 (high) - $32.1 (low) |
| Outstanding Shares | 109M |
| Market Capitalization | 3.85B |
| Industry Sector | Consumer Goods Textile - Apparel Clothing |
Latest Press Releases
Contact Information
| Liz Claiborne, Inc. |
| 1441 Broadway |
| New York, NY 10018 |
| Main: 212-354-4900 |
| Fax: 212-626-1800 |
| Web Site: www.lizclaiborne.com |
Technical Analysis
Conclusion
We believe the company's second quarter earnings statements and its technical position based on chart analysis, could boost the company's stock price by +20% over the next 6 months. LIZ does trade higher than our normal stock profiles, but it is always good to have a few low-risk / high-reward type stocks as part of an investors portfolio. We believe LIZ is an exciting investment opportunity for subscribers.
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