We’ve been watching Zumiez lately and thinking about all that cash and no debt and thinking it might be a great stock to invest in when Keybanc Capital goes and gives it an upgrade sending it rocketing up 23.5 percent today. Here’s what they said:
We continue to have a high degree of confidence in the long-term prospects of both the action sports industry and Zumiez’s goal to grow its domestic store base to roughly 800 units,’ the firm wrote, adding that more normalized spring weather patterns in April relative to March could help Zumiez post better-than-expected April same-store sales results.
When we look at their history, there could be a lot of upside.
[Link: Forbes]
Like you guys are fucking experts or something…… I wouldn’t trust Keybac Capitol either.
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