Smith Barney leisure brand Pathfinder: GEM more advantages

Mr. Zhang, an investor who loves outdoor sports, not long ago opened a GEM account, but hesitated about the investment strategy. "GEM is high risk, why not choose a GEM or a small board company similar to it?" After some contrast, the GEM listed company Pathfinder (41.990, -3.07, -6.81%) had a soft spot Zhang fancy SME listed on the market (23.20,0.60,2.65%) (002269.SZ). From the business model, Smith Barney apparel and gem in the Pathfinder is indeed similar, have taken to the production of the dumbbell outsourcing business model. In terms of channel construction, Smith Barney and Pathfinder are also generally the same, all with franchise stores as the main force of expansion. The two also have some similarities in the product, that is, the fashion of the product, and at present, Smith Barney product fashion is stronger than the Pathfinder. It is worth noting that Smith Barney is more advantageous than Pathfinder in terms of valuation. Dongxing Securities estimates the company earnings per share from 2009 to 2011 were 0.56,0.92,1.33 yuan, the current corresponding to 2009-2011 PE were 40,25,17 times. The Pathfinder is currently 53 times earnings issue, by contrast, Smith Barney still have greater valuation advantages. October 28 Smith Barney apparel released three quarterly reports, the first three quarters achieved 3.08 billion yuan revenue, an increase of 7.88%, but net profit of 299 million yuan, down 12.42%. "Short-term decline in performance and stock prices, is creating long-term investment opportunities." Dongxing Securities said. The first three quarters of the decline in performance does not change long-term growth potential Smith Barney costumes is the strongest domestic fashion apparel business, currently owns two clothing brands Metersbonwe (MB) and ME & CITY (MC), MB's main consumer groups are 16 to 24-year-old student groups, MC's main consumer groups are 22 to 35-year-old workplace white-collar workers.