Cache, Inc is not a bank. The company sells ladies clothes. Owners have very deep pockets and 23% of stock. No dividends. Cache grows internally without any need for outside capital.They return a high % on equity. Yes I own this stock. Company is runing like a triple crown winner. Margins improving, liquidity increasing, sector improving, under owned institutionally,12-18 month increased earnings visibility. Sold 2,000,000 more shares last month at $22.75 per share, 200,000 new shares 1,800,000 secondary shares.
Earnings will be great over 85% increase from last year 1st qtr. Ownership is now mostly institutional. Not a great secret anymore fully valued at current price. Very large distribution looks to have taken place over the last three months. A very large amount of total shares outstanding traded. The economic scenario for consumer retailers has weakened due to higher fuel costs. The number of risk components reflective in holding the equity is to high. It was a very great ride but now time to move on.
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