I am on the fence after looking at this a bit.

The EPS trend has been very good the past 5 years

           Sales       EPS (TTM)   Stock Price*    PE
2021 :     $ 4.40B      $ 4.70     $322            68
2022 :     $ 6.26B      $ 7.79     $297            38
2023 :     $ 8.11B      $10.07     $330            32
2024 :     $ 9.62B      $12.77     $311            24
2025 :     $10.59B      $14.64     $315            21

2026?:     $11.25B?     $14.80?    $225?           15?

* Jun 1st each year    

Yes during this time the stock has been generally flat - showing how much growth was priced into the stock back in 2021. My general hesitation in investing in retailers is also a bias I have.

Forecasts are for $14.80 per share in EPS this year, but that is based on a fairly pessimistic view on tariff policy (TACO opportunity?). On the negative side, have they tapped out their growth potential on the top line? Their products are for a very specific market - that customer base is loyal but can they grow it?

I would suggest an entry point below $225 is probably on the safer side for a trade - with the expectations that the tariff policy challenges are over stated and the stock would probably pop back over $350 - but that is a speculative position; so it would be risky.

tecmo
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