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Created: 11/17/2009 05:01:00 PM - Followers: 12 - Board type: Free - Posts Today: 0
Conn's should be a winner over the next 6 month's to 1 year. Conn's is a well-established, regional home appliance and consumer electronics retailer in the Southern Texas, Loiusiana, Oklahoma region of the U.S. It has a strong competetive advantage over stores like Best Buy, Sears, and others through flexible financing options. Overview From Conn's 10-k found at WWW.CONNS.COM under "SEC Filings" "Conn's is a specialty retailer of home appliances and consumer electronics. We sell home appliances including refrigerators, freezers, washers, dryers, dishwashers and ranges, and a variety of consumer electronics including LCD, plasma and DLP televisions, camcorders, digital cameras, computers and computer accessories, Blu-ray and DVD players, video game equipment, portable audio, MP3 players, GPS devices and home theater products. We also sell home office equipment, lawn and garden equipment, mattresses and furniture and we continue to introduce additional product categories for the home and for consumer entertainment to help increase same store sales and to respond to our customers' product needs. We offer over 3,500 product items, or SKUs, at good-better-best price points representing such brands as General Electric, Whirlpool, Electrolux, Frigidaire, Friedrich, Maytag, LG, Mitsubishi, Samsung, Sony, Toshiba, Bose, Canon, JVC, Serta, Simmons, Spring Air, Ashley, Lane, Broyhill, Franklin, Hewlett Packard, Compaq, Poulan, Husqvarna and Toro. Based on revenue in 2007, as reported in Twice, This Week in Consumer Electronics, we were the 9th largest retailer of home appliances and the 41st largest retailer of consumer electronics in the United States. We began as a small plumbing and heating business in 1890. We began selling home appliances to the retail market in 1937 through one store located in Beaumont, Texas. We opened our second store in 1959 and have since grown to 75 stores. We have been known for providing excellent customer service for over 118 years. We believe that our customer-focused business strategies make us an attractive alternative to appliance and electronics superstores, department stores and other national, regional and local retailers. We strive to provide our customers with: o a high level of customer service; o highly trained and knowledgeable sales personnel; o a broad range of competitively priced, customer-driven, brand name products; o flexible financing alternatives through our proprietary credit programs; o next day delivery capabilities; and o outstanding product repair service. We believe that these strategies drive repeat purchases and enable us to generate substantial brand name recognition and customer loyalty. During fiscal 2009, approximately 67% of our credit customers, based on the number of invoices written, were repeat customers. In 1994, we realigned and added to our management team, enhanced our infrastructure and refined our operating strategy to position ourselves for future growth. From fiscal 1994 to fiscal 1999, we selectively grew our store base from 21 to 26 stores while improving operating margins from 5.2% to 8.7%. Since fiscal 1999, we have generated significant growth in our number of stores, revenue and profitability. Specifically: o we have grown from 26 stores to 75 stores, an increase of over 188%, with plans to continue our store development in the future; o total revenues have grown 280%, at a compounded annual rate of 14.3%, from $234.5 million in fiscal 1999, to $890.8 million in fiscal 2009; 3 -------------------------------------------------------------------------------- o our operating margin has averaged 8.0% since fiscal 1999, including the impacts of the non-cash fair value decreases recorded during fiscal years 2008 and 2009; it was 4.8% for fiscal 2009; and o our same store sales growth from fiscal 1999 through fiscal 2009 has averaged 7.5%; it was 2.0% for fiscal 2009. See additional discussion about same store sales under Management's Discussion and Analysis of Financial Condition and Results of Operations. Our principal executive offices are located at 3295 College Street, Beaumont, Texas 77701. Our telephone number is (409) 832-1696, and our corporate website is We do not intend for information contained on our website to be part of this Form 10-K.
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#95 $CONN / #CONNS Inc Bullish #GoldenCross TFMG 08/30/2020 09:31:13 PM
#94 just a pullback before the run up :) texaschris22 07/28/2020 12:42:30 PM
#93 Wtf happened ah today? I ask myself, chrispy2468 06/26/2020 11:23:09 PM
#92 Looks on fire. R earnings this Friday? chrispy2468 05/26/2020 12:37:05 PM
#91 Only a matter of time before this EXPLODES texaschris22 04/01/2020 10:00:43 PM
#90 Nah. I would have added buy no powder alchemytrader 03/21/2020 01:57:36 PM
#89 good CONN job as I would have probably G2G 03/21/2020 01:53:05 PM
#88 I got out at 4.58 today. Will try alchemytrader 03/20/2020 10:55:24 PM
#87 Looking good now Me2Greedy 03/19/2020 11:11:16 AM
#86 Got some starter 4.55 swing alchemytrader 03/12/2020 07:11:35 PM
#85 CONN 4.57 wow thats low G2G 03/12/2020 11:31:29 AM
#84 * * $CONN Video Chart 02-05-2020 * * ClayTrader 02/05/2020 06:31:49 PM
#83 Wow shortys will be covering SOON IMO nybull29 12/10/2019 09:13:45 AM
#82 News: $CONN Conn's, Inc. Reports Second Quarter Fiscal whytestocks 09/03/2019 11:10:20 AM
#81 $CONN ...NICE ROBOT TRADE...$35.05 TO $37.05 AXNMAN 12/07/2017 07:00:42 PM
#80 The conn board is always quiet. Conn. is chrispy2468 08/22/2017 10:14:31 PM
#79 $CONN Getting closer to 22.00 target... 1center 06/05/2017 02:54:50 PM
#78 Financial stats dont look that good. Is this r clarke 04/26/2017 07:17:22 PM
#77 RCII will not renew agreement with CONN, how r clarke 04/26/2017 06:06:20 PM
#76 I came in @9 on the 2nd trade 1center 04/26/2017 11:17:05 AM
#75 Hey good point. chrispy2468 04/26/2017 11:14:13 AM
#74 I hope they can gain a precentage market 1center 04/26/2017 11:12:51 AM
#73 Dang!! Just sold this yesterday, now it's chrispy2468 04/26/2017 09:51:01 AM
#72 $CONN Upgrade, Conn's Price Target Announced at $22.00/Share 1center 04/26/2017 09:39:27 AM
#71 Insider buy..14.15 +0.75 (+5.60%) $CONN Form 4 1center 04/21/2017 07:08:57 PM
#70 $CONN 13.025 +0.675 (+5.47%) 1center 04/13/2017 03:30:02 PM
#69 $CONN..10.9 +2.45 (28.99%)..Over the past 12 months we 1center 04/04/2017 06:19:40 PM
#68 FYI these Conn's $CONN valuation models show big ValueInvestor15 04/03/2017 11:04:19 AM
#67 as of today holding 83 profit shares $conn 1center 09/21/2016 12:18:03 PM
#66 Who says BUY AND HOLD is dead??? Look keekee 09/21/2016 09:01:40 AM
#65 After I have hit a over 80 keekee 09/21/2016 08:26:11 AM
#64 I haven't beaten my chest in a while keekee 09/19/2016 02:54:32 PM
#63 I have $2 more dollars here before taking keekee 09/16/2016 01:05:13 PM
#62 They do a good bit of advertising tv/mail 1center 09/13/2016 11:18:52 AM
#61 $15379 profit now from last week's buy. And keekee 09/13/2016 09:46:59 AM
#60 $CONN up nice on volume again 1center 09/12/2016 04:43:23 PM
#59 Any one selling here will regret. Some fool keekee 09/09/2016 11:05:26 AM
#58 $12 is my Short term target here...5200 avg keekee 09/09/2016 09:56:52 AM
#57 Link to earnings call $CONN.... 1center 09/08/2016 03:26:18 PM
#56 I guess being cautious makes less money, will 1center 09/08/2016 03:12:41 PM
#55 I wonder who bot with me. 5200 at keekee 09/08/2016 01:00:53 PM
#54 Bot 5110 Conn just in time for ER. keekee 09/02/2016 12:01:09 PM
#53 Earnings leaked.... Buy all you can of CONN. keekee 08/31/2016 09:56:08 AM
#52 CONN bearish 7.37 stocktrademan 07/15/2016 11:49:36 AM
#51 Picked up some @7.03 $CONN 1center 07/05/2016 12:02:38 PM
#50 $CONN 7.15 1center 07/05/2016 10:41:19 AM
#49 $CONN Man, I am making BANK here.. Anyone else?? BettingAngles 06/07/2016 02:53:56 PM
#48 $CONN 15' Chart $Pistol Pete$ 06/06/2016 02:57:51 PM
#47 $CONN Time to BUY BettingAngles 06/06/2016 01:21:27 PM
#46 u not read my follow up post?? btw NYCJR 05/12/2016 09:14:28 PM
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