“Ross Stores, Inc. (ROST) has a downright enviable track record when it comes to accelerating monthly same-store sales—in May the bargain fashion chain reported an 8% jump in sales—leaving the 5.2% consensus estimate in the dust. And that is because Ross Stores is a lean, mean operating machine.
“Ross may have a smaller selection of products, but it is a smarter selection. While many of its competitors’ racks are overflowing with mismatched clothing, if you walk into one of the 1,000+ Ross locations, you’ll see a tight rein on inventory. Another thing that I love about this company is that it is nowhere near reaching market saturation. America has been hit with bargain-hunting fever, so Ross could easily double its number of stores and accelerate its bottom line. This Conservative stock is a fantastic long-term buy under $70.”
Louis Navellier, Blue Chip Growth, June 2012
Investment Digest subscribers who acted on Louis Navellier’s original recommendation of Ross Stores in the Investment Digest in June, 2011, have made profits of 60%. Join them to get more top recommendations like ROST delivered to your email inbox every weekday morning.
