Tuesday, September 17, 2013

Picked Up The Jones Group

I picked up a few shares in The Jones Group, Inc. (Ticker: JNY) today at $15.77. This apparel / retail company is evaluating strategic initiatives, which may involve in the sale of part or whole company. You have financial and strategic buyers evaluating the company. This company has some strong brands names such as Anne Klein and some not so strong brands. I like the risk reward at the current price as this company is trading at a cheap valuation. Management is under pressure to do something to maximize the stock price and I believe they are on the right track with a sale of the company. Final bids are due soon so we should be hearing something shortly.


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