By John Sheehy:China Xiniya Fashion (XNY) shares appear attractively priced at 4.3X my estimate of 2013 earnings and 29% of tangible book value (mostly cash). In order to better understand the company I recently traveled at my own expense to the beautiful island city of Xiamen in Fujian Province to meet with XINIYA and visit several of its retail outlets.
Consumer products company Helen of Troy (HELE) reported strong results for the first quarter of its 2014 fiscal year Tuesday evening. Revenue increased 1.4% year-over-year to $304.5 million, exceeding consensus estimates.
Submitted by Simon Black of Sovereign Man blog, I really hate to beat a dead horse, but I wouldn’t be doing my job for you if I didn’t point out some of the most intellectually dishonest, self-aggrandizing Bernanke-speak to come out of the Fed Chairman’s testimony [this week]: “[The Federal Reserve has] 25 years of success in keeping inflation low and stable, not just in the United States but around the world.”
As part of our process, we perform a rigorous discounted cash-flow methodology that dives into the true intrinsic worth of companies. In Helen of Troy's (HELE) case, we think the firm is significantly undervalued. We think it is fairly valued at $46 per share, representing nearly 50% upside.