Bravada International Ltd (BRAV)

[Beezerr34]

FORGET ABOUT THE YEAR AGO.

...I don't even know why I waste my time. Do you realize that the valuation metrics that you were JUST talking about largely use quarter over year prior quarter numbers to determine where they should be? As a matter of fact, almost ALL useful valution metrics use YOY numbers, ESPECIALLY growth rates.

You simply CAN'T compare QOQ numbers in such a seasonal business.

The second and third quarters are going to be BRAV's slowest quarters BY FAR due to seasonality. Just to put it in perspective with some other clothing retailers as far as their seasonality:

Kohl's Q2 2012 adjusted EPS=$1.00, Q3 2012 adjusted EPS=$0.91, Q4 2012 estimated adjusted EPS=$2.15.

Macy's Q2 2012 adjusted EPS=$0.67, Q3 2012 adjusted EPS=$0.36, Q4 2012 estimated adjusted EPS=$2.03.

Lulu Q2 2012 adjusted EPS=$0.39, Q3 2012 estimated adjusted EPS=$0.37, Q4 estimated adjusted EPS=$0.75.

I understand that the above aren't perfect examples. They are just to show how strong the seasonal trends are for clothing retailers are a whole. If anything, Bravada will be even MORE impacted by seasonality.

I'm done now. Have a good Thanksgiving everyone.