CBK ==> The $$$MR. MARKET$$$ Oktoberfest pick

[mrmarket]

Did you ever want to go to Hooters to get a beer, watch some (ahem) football and open your wallet and all of your money is gone? Meanwhile the spousal unit is at the mall and she comes home with an armful of clothes? Then she tries them on and asks you if she looks fat in them? You have no answer for that, so she buys more clothes.

Today I bought CBK (Christopher & Banks) at 29.37 I will sell it in 4 to 6 weeks at 33.90. Here’s why I like CBK:

CBK’s stock is up over 225% off of its 52 week low. Despite this amazing price momentum, it’s PE is only 28.

Christopher & Banks runs a chain of roughly 466 stores aimed at women ages 35 to 55. It also runs a plus-size chain of 107 C.J. Banks stores, which carry women's casual clothes in sizes 14 to 24. Of course women wouldn’t want to be caught dead shopping there, but online orders have done very well. In fact, you get a coupon from Fatburgers with each plus size order from Chris & Banks (I’m kidding…kidding). About 40% of all of the clothing they sell is sweaters..perfect for those days when you’re feeling fat.

The company's business strategy includes providing target customers with high quality, moderately priced, coordinated ensembles that are interchangeable between work and leisure activities. Christopher & Banks has managed to average 32% annual sales and earnings growth since fiscal 2001 and management expects profit to rise more than 20% this fiscal year. There’s that word again…earnings earnings earnings.

Christopher & Banks' same-store sales are trending upward. For June they rose 2%. Management expects similar gains for the balance of the year. First Call analysts see full-year profit rising 23%.

Christopher & Banks plans to open 100 stores this fiscal year. It'll add roughly 70 Christopher & Banks stores and 30 C.J. Banks units. With the way we’ve all been eating, “growth” should really happen in the CJ Banks stores. CJ Banks also yields “larger” sales per customer. Yuk Yuk I murder me.

CBK has been able to remain highly profitable in a difficult retail environment. Their store expansion and market penetration will enable them to capitalize on any improvement in economic conditions. They should be able to hit $400 million in revenues which will allow them to bank $1.30/share of profit. At today’s PE of 28, this puts the stock price at $36.40 which is well past my sell target.

Return on equity has exceeded 20%, driven by wide profit margins, and achieved with virtually no debt. Return on assets is an oh-so-sweet 26%.

Bill Prange, Chairman and Chief Executive Officer of Christopher & Banks Corporation commented, "We anticipate finishing our fiscal year with approximately 535 stores in operation, further solidifying the position of Christopher & Banks and C.J. Banks in the marketplace. While we expect the retail environment will remain difficult for the foreseeable future, we are encouraged by our ability to continue to generate earnings increases during these challenging times. Given the increasing visibility of our brands and our ability to manage our business efficiently, we believe we will be able to benefit from any improvement in general economic conditions."

A tried and true formula for growth. Grow the # of stores and grow the sales. Eventually they will saturate the market, but that will be well after I get my 15% from this stock.

I am HUGE!!!

[carlton02]

Even though this was not my pick, I followed the leed of his huge ness!!

Thanks--Ernie

Madmax

[Karel]

Ernie, I found some spare cash and jumped in. I found USNA with my own (version of your) screens and took that one too.

I liked the bit about the coupons! :D

Regards,

Karel

[thebign1]

Hello Ernie, I'm in at $28.61 and will sell in 4-6......at $34.00 or something like that. Thanks big guy, your HUUUUUUUUGE!

Go Yankees!! and Andy Petite was HUUUUUUGE! in last night's game too.

Regards, Norm :D

[hawaiikai106]

Hi Enrie,
I got in at $28.80 before your announcement. Out of your Octoberfest picks, I felt that CBK had a very good instiututional and mutual fund sponsorship. Shares held by the big boys were in the millions compared to thousands. Does institutionaland mutual fund sponsor ship play a nroloe in your decision process?

[Karel]

... I found USNA with my own (version of your) screens and took that one too.YES! USNA has come safely back with a 17% gain or so!

Mr. Market is H U G E !!

And time for the Happy Snoopy Dance again!

[Gatorper]

Just checked pre-hour trading this am and noticed that CBK is down 13%. Did not see news.. I don't own it, but am very curious as to why it tanks so much.

[NJ_angler]

Sorry HUGE ONE, but now that CBK is down 36% since the end of October recommendation, can anyone predict whether we're getting close to a possible (re)entry point?

I wish I could say that I originally sat this one out, but I didn't... :?

[mrmarket]

Sorry HUGE ONE, but now that CBK is down 36% since the end of October recommendation, can anyone predict whether we're getting close to a possible (re)entry point?

I wish I could say that I originally sat this one out, but I didn't... :?

I don't remember ever giving a recommendation for this, or any other, stock.

[NJ_angler]

Bad choice of words; truly sorry HUGE ONE... :oops:

Now that CBK is down 36% since the end of October, anyone have a guess as to whether we're getting close to a possible (re)entry point?

I wish I could say that I originally sat this one out, but I didn't... :(

[ytown12]

Don't know when you will break even let alone 15%. But you got to keep the winning streak going at all costs.

[mrmarket]

Don't know when you will break even let alone 15%. But you got to keep the winning streak going at all costs.

Your posts do not sound supportive at all. Why don't you just come out and say what you feel? This passive / aggressive behavior is for cowards.

[NJ_angler]

Don't know when you will break even let alone 15%. But you got to keep the winning streak going at all costs.

ytown12,

You seem to be commenting on my post to take a backhanded slap at the HUGE ONE's investment timeframe philosophy. You also seem to be trying to generate controversy where none was intended.

I posed my question to determine whether TA or other research might indicate a potential turnaround for CBK and subsequent entry point at a much lower price. I didn't feel it necessary to comment on either the HUGE ONE's proposed timeframe or streak. Why did you?

Needless to say, most of us wouldn't be here if we didn't have faith in Ernie and the maturity to determine our individual tolerance for losses and gains within their respective timeframes.

Lighten up!!!
NJ_angler

[ytown12]

I like to stir things up a bit. Just like MM did on the IBD boards. He always challeged the thinking there and I liked that.

I just like to know is there a point where you give up on a stock.. is it 40%, 60%, 90% down. Someday one of the picks will get hit even harder than 36% and just for the sake of argument do you ever take the loss to preserve capital ? Don't get defensive or call names like those guys on IBD boards. I respect your model and your ability. Just thinking out loud

:o

[mrmarket]

I like to stir things up a bit. Just like MM did on the IBD boards. He always challeged the thinking there and I liked that.

I just like to know is there a point where you give up on a stock.. is it 40%, 60%, 90% down. Someday one of the picks will get hit even harder than 36% and just for the sake of argument do you ever take the loss to preserve capital ? Don't get defensive or call names like those guys on IBD boards. I respect your model and your ability. Just thinking out loud

:o

just thinking out loud....if you had a stockbroker who told you that he'd give you 61 stocks, and 55 of them would earn 15% in a few months, what would you think?

[Michaelk005]

just thinking out loud....if you had a stockbroker who told you that he'd give you 61 stocks, and 55 of them would earn 15% in a few months, what would you think?
_________________
=============================

I am HUGE! Bring me your finest meats and cheeses.

- $$$MR. MARKET$$$


HAHAAH i think he would be a liar.

[NJ_angler]

CBK is up about $1.50 over the last two days on higher than average volume. Do we have a (re)entry point in the making?

[mrmarket]

Associated Press
Christopher & Banks June Sales Rose
Thursday July 1, 7:44 am ET
Christopher & Banks June Same-Store Sales Fell 8 Percent, Total Sales Up 5 Percent


MINNEAPOLIS (AP) -- Specialty women's clothing retailer Christopher & Banks Corp. Thursday said June same-store sales fell 8 percent, but the company expects improvement in August.
Total sales for the four-week period rose 5 percent to $29.8 million.

For the four months ended June 26, Christopher & Banks same-store sales declined 6 percent while total sales increased 9 percent to $132.4 million.

As of June 26, the Company operated 571 stores compared with 482 stores as of June 28, 2003.

Christopher & Banks chairman and chief executive Bill Prange said, "Our sweater business remained soft in June. However, we continue to believe that changes we have made to our merchandise mix will start to have a positive impact on our performance beginning with August deliveries."

[jiesen]

http://biz.yahoo.com/prnews/041104/nyth058_1.html

Finally, CBK has some good news!
I guess they finally started selling those new sweaters they kept talking about. Hopefully this is the turning point for this company. You have to admit though, even when things are bad, this company is still making good money, and buying back shares, so it'll have to pull through, eventually.

[mrmarket]

yea...it has been a while. It will be interesting to see if this stock hits my target, if it actually outperformed the market in doing so. Great earnings will most definitely continue to move the stock price upwards.

[Gatorper]

Christopher & Banks Feb. Sales Rise
MINNEAPOLIS (AP) - Women's specialty retailer Christopher & Banks Corp. reported Thursday that sales for February rose 5 percent at stores open at least a year.
Analysts surveyed by Thomson First Call expected slightly more robust same-store sales growth of 5.8 percent.
Total sales, which include stores that opened or closed in the past 12 months, rose 22 percent to $28.4 million from $23.2 million last February

[jiesen]

Christopher & Banks Feb. Sales Rise
MINNEAPOLIS (AP) - Women's specialty retailer Christopher & Banks Corp. reported Thursday that sales for February rose 5 percent at stores open at least a year.
Analysts surveyed by Thomson First Call expected slightly more robust same-store sales growth of 5.8 percent.
Total sales, which include stores that opened or closed in the past 12 months, rose 22 percent to $28.4 million from $23.2 million last February

it's about freaking time!

well, I figured that same store sales would have to start rising again eventually. go CBK!

[jiesen]

it's about freaking time!

well, I figured that same store sales would have to start rising again eventually. go CBK!

http://finance.yahoo.com/q/ud?s=CBK

Analyst upgrade today on 19% increase in March sales, +2% SSS, and it's about freaking time! (yeah, I know it's getting old... but it's true)

[jiesen]

May sales up 21%, SSS up 7%. CBK is climbing its way back over 19 now...
Slow and steady wins the race.

http://biz.yahoo.com/prnews/050602/nyth069.html?.v=9

Christopher & Banks Corporation Reports May Sales Results
Thursday June 2, 7:30 am ET

MINNEAPOLIS, June 2 /PRNewswire-FirstCall/ -- Christopher & Banks Corporation (NYSE: CBK (http://finance.yahoo.com/q?s=cbk&d=t) - News (http://finance.yahoo.com/q/h?s=cbk)) today reported total sales for the four weeks ended May 28, 2005 rose 21% to $39.3 million from $32.4 million last year, while same-store sales increased 7%.

http://bc.us.yahoo.com/b?P=V1GABNFJqz_cnpPqQMm9PgDqGKUKgUKfDvgAA8Rx&T=1d5l0espg%2fX%3d1117720312%2fE%3d7811758%2fR%3df in%2fK%3d5%2fV%3d2.1%2fW%3ddefault%2fY%3dYAHOO%2fF %3d2702608225%2fH%3dY29icmFuZD0iPGEgaHJlZj1odHRwOi 8vd3d3LnBybmV3c3dpcmUuY29tL3lhaG9vLz48aW1nIGJvcmRl cj0wIHNyYz1odHRwOi8vdXMuaTEueWltZy5jb20vdXMueWltZy 5jb20vaS91cy9maS9nci9wYXJ0bmVyX2xvZ29zL3BybmV3c3dp cmVfMTcweDMzX2xvZ28uZ2lmIGFsdD1QUl9OZXdzd2lyZT48L2 E.IiBjYWNoZWhpbnQ9Ijc4MTE3NTgiIGNhY2hlaGludD0iNzgx MTc1OCI-%2fQ%3d-1%2fS%3d1%2fJ%3dFCAA49D1&U=139tbf89b%2fN%3dXb.OtULaS.g-%2fC%3d344566.6261155.7301471.1383221%2fD%3dLREC%2 fB%3d2679537For the first quarter ended May 28, 2005, total sales increased 20% to $122.7 million from $102.6 million in the prior year period, while same-store sales increased 4%. During the first quarter, the Company opened 19 new stores and closed one store, bringing the total number of stores as of May 28, 2005 to 660 compared to 566 stores as of May 29, 2004.

Bill Prange, Chairman and Chief Executive Officer, commented, "Our 7% increase in May same-store sales was partially driven by aggressive markdowns taken to keep our inventories seasonally clean. We finished the quarter with average in-store inventory per store modestly below last year's levels and are well positioned to begin the second quarter with a fresh merchandise mix."

The Company currently expects that fiscal 2006 first quarter earnings per diluted share will be similar to last year's first quarter, when the Company earned $0.26 per diluted share after giving effect to adjustments for changes in accounting for lease transactions. First quarter results will be reported after the market closes on Tuesday, June 21, 2005.

[mrmarket]

Extrapolating the most recent earnings growth makes CBK a very good value here:


Christopher & Banks Corporation Reports First Quarter Results
Tuesday June 21, 4:02 pm ET


MINNEAPOLIS, June 21 /PRNewswire-FirstCall/ -- Christopher & Banks Corporation (NYSE: CBK - News) today reported results for the first quarter ended May 28, 2005.
Net sales increased 20% to $122.7 million from $102.6 million last year, while same-store sales increased 4%. Net income was $9.3 million, or $0.26 per diluted share, compared to $10.0 million, or $0.26 per diluted share, as restated for lease accounting changes for the quarter ended May 29, 2004.

The Company opened 19 new stores and closed one store in the first quarter, bringing the total number of stores as of May 28, 2005 to 660 compared to 566 stores as of May 29, 2004.

Bill Prange, Chairman and Chief Executive Officer, commented, "While first quarter earnings were softer than expected, we are encouraged by our four percent increase in same-store sales. At the end of the first quarter, inventories were current as evidenced by in-store inventories per square foot that were modestly below last year's levels. With a clean inventory position, we anticipate an improved level of full price selling in the second quarter as compared to last year."

Mr. Prange concluded, "To date, our June business has been strong and we currently anticipate a six to seven percent increase in same-store sales for the month ending June 25, 2005, with a level of full price selling similar to last June. We are optimistic about recent results and believe we are well- positioned for the second quarter."

The Company will discuss its first quarter results in a conference call scheduled for today, June 21, 2005, at 5 p.m. Eastern Time. The conference call will be simultaneously broadcast live over the Internet at http://www.christopherandbanks.com.

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company currently operates 660 women's specialty stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The Company currently has 478 Christopher & Banks stores, 161 C.J. Banks stores and 21 Acorn stores.

[mrmarket]

Christopher & Banks Sales Up in December
Thursday December 29, 7:58 am ET
Clothing Retailer Christopher & Banks Same-Store Sales Rise 2 Percent in December


MINNEAPOLIS (AP) -- Women's clothing retailer Christopher & Banks Corp. said Thursday its same-store sales grew 2 percent at locations open at least one year, in line with its expectations, and merchandise margins were solidly above last year's levels.


The company, which has more than 700 stores across the United States under the names Christopher & Banks, C.J. Banks and Acorn, said December sales rose 9 percent to $60.2 million from $55.1 million a year earlier.

"As we continue to have well controlled inventories, we expect that January merchandise margins will trend above margins achieved last January," Chief Executive Joe Pennington said in a statement.

The company said gift card sales increased to 11 million during the Thanksgiving through Christmas period this year, compared with 9 million last year.

For the 10 months ended Dec. 24, Christopher & Banks said same-store sales rose 2 percent, while total sales increased 13 percent to $424.1 million.

[mrmarket]

Look at this 3 month chart....woo hoo:

http://chart.finance.yahoo.com/c/3m/c/cbk

[gerihearne]

Look at this 3 month chart....woo hoo:

http://chart.finance.yahoo.com/c/3m/c/cbk

was watching this yesterday ... up over a dollar since you posted ...
hesitated getting in ... nibbled at cers, down 12-cents

btw: i'm a full member now :)
thanks
________
sc2 replays (http://screplays.com/replays)

[mrmarket]

Streetwalker
Five Price-Momentum Plays
03.07.06, 8:30 AM ET


Here's a look at five stocks that have surged but still look cheap relative to history.

These shares trade within 10% of a 52-week high and show stronger price gains than the S&P 500 over the past one-, three- and 12-month periods. They also have price-to-earnings and price-to-sales multiples below their respective five-year averages.





Company Price One-Month Price Change Change From 52-Week High Current Price-To-Sales Ratio

Christopher & Banks $21.84 16% -6% 1.69

[mrmarket]

Christopher & Banks 4Q Earnings Jump
Wednesday April 5, 5:09 pm ET
Christopher & Banks Fourth-Quarter Profit Rises 74 Percent on Stronger Sales, Margins


MINNEAPOLIS (AP) -- Christopher & Banks Corp., a women's specialty retailer, reported Wednesday its fourth-quarter earnings jumped 74 percent, thanks to a strong boost in sales and merchandise margins.


For the period ending Feb. 25, the company's net income climbed to $6.7 million, or 18 cents per share, from $3.8 million, or 11 cents per share, a year ago. Sales increased 6 percent to $126.6 million from $119.3 million a year ago.

That beats the expectations of analysts surveyed by Thomson Financial, who predicted a profit of 17 cents per share on revenue of $127.8 million.

"We achieved significant improvement in merchandise margins in the fourth quarter, which drove a 72 percent increase in operating income and a 74 percent increase in net income," said Chief Executive Joe Pennington in a statement.

For the fiscal year, net income rose to $30.4 million, or 84 cents per share, from $27 million, or 73 cents per share, during the year-ago period. Annual sales increased to $490.5 million from $438.9 million.

Shares of the company rose 61 cents, or 2.7 percent, to close at $23.36 on the New York Stock Exchange, and added 10 cents in aftermarket activity.

[New-born baby]

You got that right, MM!

[mrmarket]

Motley Fool
Christopher & Banks Is Taking Inventory
Thursday April 6, 11:38 am ET
By Jeremy MacNealy

A quarter ago, when I last checked up on women's-clothing retailer Christopher & Banks (NYSE: CBK - News), I noted that the company's margin improvements were probably due to better controls on inventory. When businesses have improved communication and workflow between storefronts and central offices, they can maintain appropriate levels of inventory, thus resulting in fewer markdowns and increased profitability. According to management remarks in its latest conference call, this is exactly what the company has been aiming for.
Early last spring, the company enacted a plan to pursue a full-priced selling strategy using better apparel assortments and tighter controls on inventory. The effects of this plan were evident in the third quarter and continued to bear fruit in the fourth quarter. Christopher & Banks witnessed a 10% increase in average dollar per transaction as it continued to shift away from clearances.

However, its plan to tighten inventories may have been too successful for its own good. The danger is that a company won't have enough items on hand to meet customer demand. This may be what happened in the fourth quarter, since same-store transactions declined 11% during that time. Interestingly, merchandise inventories at the end of the third quarter were 11.2% lower than the same period a year ago.

Management didn't elaborate on its transactions decline in either its press release or conference call. The company did indicate, however, that it is planning to increase inventories to comparable levels from a year ago, suggesting that current levels are not enough to meet demand. Once it finds the right balance in inventory levels, the company should benefit. Adequate inventory levels will improve comps, and when this is coupled with its full-priced strategy, Christopher & Banks will be primed to make substantial improvements to profitability.

Of course, no amount of inventory talk will get the customer in the door. Christopher Banks believes that its "evolution" strategy -- intended to capture the ever-changing tastes of its customer -- will help it remain relevant. For 2006, it has been receiving positive feedback from customers on what it described as fresh and colorful assortments.

As it looks right now, Christopher & Banks seems poised for a solid 2006. But investors will want to continue monitoring its comps growth in the quarters ahead to see whether it can move this metric back into positive territory after inventories are brought up to adequate levels.

Fool contributor Jeremy MacNealy does not have any financial interest in any companies mentioned.

[jiesen]

Anyone following the news about German banks will stumble on CBK today:

http://biz.yahoo.com/ft/060503/fto050320061247116615.html?.v=1

Maybe some German bankers will also notice the blowout numbers CBK posted today:

http://biz.yahoo.com/bw/060504/20060504005082.html?.v=1



Christopher & Banks Corporation Reports April Sales Results
Thursday May 4, 7:00 am ET Company Increases First Quarter and Full Year Fiscal 2007 Earnings Estimates

MINNEAPOLIS--(BUSINESS WIRE)--May 4, 2006--Christopher & Banks Corporation (NYSE: CBK (http://finance.yahoo.com/q?s=cbk&d=t) - News (http://finance.yahoo.com/q/h?s=cbk)) today reported total sales for the five-week period ended April 29, 2006 increased 22% to $59.5 million from $48.6 million last year. Same-store sales for the month of April rose 13%.

Due to the Easter calendar shift, March and April sales results should be viewed as one period for comparative purposes. For the two months ended April 29, 2006, total sales increased 15% to $96.0 million from $83.4 million last year while same-store sales increased 6%. As of April 29, 2006, the Company operated 726 stores compared with 651 stores as of April 30, 2005.

Joe Pennington, Chief Executive Officer, commented, "We are very pleased with April results as well as our overall spring season business trends. As evidenced by our combined same-store sales results for March and April, the improvements to our merchandise assortment that we implemented beginning with February 2006 deliveries are resonating very well with both our core customer base and incremental traffic we may not have attracted in the past. Our April merchandise margins were also favorably impacted by the positive customer reaction to our new merchandise assortment."

Financial Outlook

As a result of strong April performance, the Company is increasing its earnings guidance for its fiscal first quarter ending May 27, 2006, from $0.29 to $0.30 per diluted share to $0.34 to $0.35 per diluted share. First quarter guidance takes into account the impact of stock based compensation expense. In last year's first quarter, the Company earned $0.27 per diluted share. For the fiscal year ending March 3, 2007, the Company is increasing its earnings guidance from a range of $0.96 to $1.00 per diluted share to a range of $1.01 to $1.05 per diluted share. Full year earnings guidance includes approximately $0.07 per diluted share from the effect of expensing stock based compensation. In fiscal 2006, the Company earned $0.84 per diluted share.

[jiesen]

http://img459.imageshack.us/img459/411/sweater2qb.jpg

El Guapo is pleased.

http://biz.yahoo.com/bw/060601/20060601005240.html?.v=1

Christopher & Banks Corporation Reports May Sales Results
Thursday June 1, 7:30 am ET
May Same-Store Sales Increase 8%
Company Increases First Quarter and Full Year Fiscal 2007 Earnings Estimates

MINNEAPOLIS--(BUSINESS WIRE)--June 1, 2006--Christopher & Banks Corporation (NYSE: CBK - News) today reported total sales for the four-week period ended May 27, 2006 increased 19% to $46.6 million from $39.3 million in the same period last year. Same-store sales for the month of May rose 8%.

For the first quarter ended May 27, 2006, total sales increased 16% to $142.5 million from $122.7 million in the prior year period, while same-store sales increased 7%. During the first quarter, the Company opened 35 new stores and closed one store, bringing the total number of stores as of May 27, 2006 to 739 compared to 660 stores as of May 28, 2005.

Joe Pennington, Chief Executive Officer, commented, "Our 8% increase in May same-store sales exceeded internal expectations. Changes in our product assortment have been very well received by our customers, and we expect to report record first quarter earnings as a result of robust sales and strong merchandise margins."

Financial Outlook

Due to continued strong performance, the Company has increased its earnings guidance for its fiscal first quarter ended May 27, 2006, to $0.36 to $0.38 per diluted share from $0.34 to $0.35 per diluted share. First quarter guidance takes into account the impact of expensing stock based compensation. In last year's first quarter, the Company earned $0.26 per diluted share.

For the fiscal year ending March 3, 2007, the Company has increased its fiscal 2007 earnings guidance to $1.03 to $1.08 per diluted share from $1.01 to $1.05 per diluted share. Full year earnings guidance includes approximately $0.07 per diluted share from the effect of expensing stock based compensation. In fiscal 2006, the Company earned $0.84 per diluted share. Fiscal 2007 first quarter earnings will be reported after the market close on June 20, 2006.

About Christopher & Banks

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company operates 739 stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The Company currently has 513 Christopher & Banks stores, 198 C.J. Banks stores and 28 Acorn stores.

This release contains forward-looking statements regarding the Company's first quarter and fiscal 2007 earnings estimates. The achievement of such results is subject to certain risks and uncertainties, including changes in economic, market and weather conditions, the effect of consumer tastes and spending habits, the realization of expected economies gained through the use of private label and direct import merchandise, management of growth and other factors outside the Company's control, including factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

[mrmarket]

Christopher & Banks first quarter net up 57 percent
Tue Jun 20, 2006 4:14 PM ET



SAN FRANCISCO, June 20 (Reuters) - Women's clothing retailer Christopher & Banks Corp. <CBK.N> said on Tuesday that its first quarter net income rose 57 percent from the year ago, driven by better margins and increased sales.

The Minneapolis-based company said net income rose to $14.6 million, or 39 cents per share, for the first quarter ended May 27, from $9.3 million, or 26 cents per share in the year-ago quarter. Net sales increased 16 percent to $142.5 million.

[DSteckler]

See what? That it's down 3.76% after hours. Yes, we seeeees.

[mrmarket]

I'm very pleased about CBK's earnings recovery...the trend is intact.

[mrmarket]

up 1.5% today.....you sees?

[jiesen]

whoever sold at 27 this morning sure has to be kicking herself now.

[mrmarket]

UPDATE 1-Christopher & Banks raising payout 50 percent
Fri Jul 28, 2006 2:36pm ET

NEW YORK, July 28 (Reuters) - Retailer Christopher & Banks Corp. (CBK.N: Quote, Profile, Research) on Friday said its board authorized a 50 percent increase in its quarterly dividend and a stock buyback program worth up to $20 million, sending its shares up sharply.

Christopher & Banks, which sells women's clothing, raised its quarterly dividend to 6 cents per share from 4 cents and said it would be payable in the first week of October to shareholders of record on or about Sept. 18.

The Minneapolis-based company said the primary purpose of the stock repurchase plan will be to offset the dilutive impact of stock options and restricted stock grants which have been or may be granted to employees and independent directors.



The company's shares rose $1.71, or 6.5 percent, to $27.87 on the New York Stock Exchange.

[mrmarket]

Christopher & Banks July Sales Up
Thursday August 3, 8:57 am ET
Christopher & Banks July Same-Store Sales Rise 10 Percent, Prompting Outlook Increase


MINNEAPOLIS (AP) -- Christopher & Banks Corp., a women's clothing retailer, on Thursday said same-store sales, or sales at stores open at least a year, rose 10 percent and outpaced Wall Street expectations.


Analysts polled by Thomson Financial expected a same-store sales increase of 7.1 percent. In the year-ago period, the company saw flat same-store sales.

Total sales for the month grew 21 percent to $49.6 million from $41.1 million last year.

Christopher & Banks, which operates 743 stores in 45 states, also raised its earnings guidance for the fiscal second quarter ending Aug. 26 to a profit of 19 cents to 20 cents per share from earlier guidance of 17 cents to 19 cents per share.

For the fiscal year ending March 3, 2007, the company raised its earnings guidance to $1.08 to $1.11 per share, from $1.06 to $1.10 per share.

Analysts expect second-quarter and full-year earnings of 20 cents per share and $1.10 per share respectively.

[jiesen]

Awesome! 29 is back, 34 is just around the corner. This could even beat FRGB to the finish line...

[jiesen]

http://img459.imageshack.us/img459/411/sweater2qb.jpg

El Guapo is pleased.


http://biz.yahoo.com/ap/060919/earns_christopher_banks.html?.v=1

¡Another sweater for El Guapo!