|Written by GSCR Staff|
|Wednesday, 30 October 2013 08:49|
Yesterday we took a look at one of our old 30-30 picks that we thought may make a comeback in Nautilus, Inc. (NYSE – NLS)
Today, we again will look at an old 30-30 pick but with a different perspective. A stock that has done well and should keep doing well over the next few months is the focus today.
ValueVision Media, Inc. (NASDAQ – VVTV - $5.42) was one of our February 30-30 picks and is up an astronomical 80% since that time.
The Company is a perfect Holiday Season play. ValueVision Media operates as a multichannel electronic retailer in the United States. The Company markets various brand name and private label products in the categories of jewelry and watches; home and consumer electronics; beauty, health, and fitness; and fashion and accessories. It markets, sells, and distributes products to consumers through ShopNBC, a 24-hour television shopping network; ShopNBC.com, an e-commerce platform; mobile devices, including smartphones; tablets, such as the iPad; and social media channels.
In addition the charts look awesome. The very bullish signal for Daily Moving Average extends all the way out to the 50-day range. There is a 22% increase in quarterly revenue forecast for the 1Q14 retail quarter for the Company (November through January), coupled with an 8% increase in revenue for FY2013 over FY2012. Finally, the stock has begun another accumulation run as the Holiday season approaches, up over $1 in about one month with heavy volume trading, approaching 500,000 shares on some days.
The Company reports quarterly financial results for Q4 of its FY2013 year in a few weeks. Look for an additional pop if news is good. We think the $7 level is a nice target for sometime in January.
Have a great day!
Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.
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