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Express: We Smell A Contrarian Buy Here

Summary

Against the backdrop of a resurgent mall retail environment, EXPR put up some really ugly Q2 numbers and the stock is now near an all-time low.

EXPR is a volatile mall retail stock packed with lots of investor overreaction, and this sell-off is no exception.

The last time the stock traded this low, it bounced to above $20 within a few months.

With EXPR, you have to buy when things are ugly and sell when things are pretty.

Things are currently ugly, and so we think its time to buy.

Express (NYSE:EXPR) stock lost a fourth of its value on Wednesday, 8/24, and with good reason. Against the backdrop of a resurgent mall retail environment, EXPR put up some really ugly numbers. Comps fell 8%, e-commerce struggled, and margins were pressured as the company failed to get traffic in the door. Essentially, the latest quarterly numbers make EXPR the eyesore of an irregularly good mall retail space.

The stock, though, might currently be the most interesting in all of retail. We aren't big believers in chart analysis, but we do think it is very appropriate here to pull up EXPR's all-time price chart. The takeaway should be that this is a volatile stock packed with lots of...


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