Overlooked Alpha

Overlooked Alpha

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Overlooked Alpha
Overlooked Alpha
Research Notes: Value In Specialty Retail, Part I
Research Notes

Research Notes: Value In Specialty Retail, Part I

A look at The Children's Place (PLCE) and the case for specialty retailers.

Wall Street and Main
May 31, 2023
∙ Paid
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Overlooked Alpha
Overlooked Alpha
Research Notes: Value In Specialty Retail, Part I
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(Author’s note: This will be the first in a two-part series. Part II will arrive on Friday morning.)

Highlights:

  • The pre-pandemic bear case for specialty retailers has returned with a vengeance amid a gradually normalizing environment.

  • With the market punishing nearly all stocks in the space, it’s worth hunting for value.

  • The Children’s Place (PLCE) offers an intriguing turnaround story. But this is an industry where turnarounds rarely work.

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