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VLCM Update

posted May 6, 2010, 12:43 AM by Mohit Kumar   [ updated May 14, 2010, 1:20 AM ]
When we added VLCM to our portfolio a few months back, many believed it was a dead stock! The analysts surely did! We were confident that patience would be the key as the stock seemed oversold. Just last week, the surfing-inspired apparel maker shot over all analyst estimates and its own on strong margins! It reported a revenue of $77.4 million while the estimate was around $73.76 million! In addition, the forecast for next quarter ended up above the analyst estimates as well. No surprises, it shot up over 10%, taking our current returns over 80%!! Remember folks, for perhaps a few months beyond the recommendation, we were in a loss. This is what could happen if you are patient on quality businesses. I expect more growth here with room for international expansion!!