Caleb Harbert

I love business, real estate and investing

[Caleb Harbert @caleb_harbert]

https://t.co/6uB4euWw7t

[Caleb Harbert @caleb_harbert]

@badvalla40301 Sure hope so. In Hawaii and just saw we finally started moving up. Should be in $30s yet… we’re half that

[Caleb Harbert @caleb_harbert]

@TheJack52425233 @fatchips01 I’m in Hawaii. Left at 4 am Friday after earnings. I need to look through all the reports and gonna make a post. Kids and the 6 hour time change kicking my butt.

[Caleb Harbert @caleb_harbert]

@fatchips01 That would be awesome. $kss is actually a solid company to go with it

[Caleb Harbert @caleb_harbert]

Off $kss earnings call:
-bought back $50M in debt and saved $9M off face value
-kids apparel showed greatest growth up 10%
-impulse lines and other investments showed great growth
-proprietary brands improved 6%
-spring seasonal showed +~15% YoY
-home goods was a major bright spot
-Sephora showed single digit decline but they’re bringing in MAC and we will see if this turns around
-$190M tariff refund expected but in none of their numbers
-reiterated guidance at $1-$1.60 EPS not including $1.70/share refund
-saw strong shoots and stores were down 1.1% yoy but due to closing locations overall came in (1.7%)
-share buybacks when they sit on $700M in cash regularly
-Inventory churn improved 8% and core client is showing improvement
-core client(charge cards) showed improved payment rates while also loss rates lowering(so credit writoffs improved a lot)

There’s a decent amount more but unlike in the past 4+ earnings calls I listened to this one was pretty good!

[Caleb Harbert @caleb_harbert]

@brycexgreene @Kohls A lot better than normal. Seems like analysts are actually paying attention

[Caleb Harbert @caleb_harbert]

$KSS beat/was within expectations. Honestly beat my expectations. For me @Kohls is an amazing cigar butt type investment. If they prove a turn around(which comps are showing might happen within next year or so) then it will be a good company in general with a massive asset backed balance sheet. More to come after I analyze everything and listen to the call

[Caleb Harbert @caleb_harbert]

@carpool_ceo $190M is expected off what the call said

[Caleb Harbert @caleb_harbert]

@carpool_ceo Nothing in releases but maybe on the call but seems like they’re withholding this info for next earnings which is surprising and frustrating

[Caleb Harbert @caleb_harbert]

@DragonAlgoTrade Lfg!!!!

[Caleb Harbert @caleb_harbert]

@briansgaines $kss is an amazing cigar butt investments and one of my favorites. Eventually shorts will have to capitulate

[Caleb Harbert @caleb_harbert]

@badvalla40301 Hell yea!

[Caleb Harbert @caleb_harbert]

@badvalla40301 Hell yea!

[Caleb Harbert @caleb_harbert]

@fatchips01 Thanks! Trying to spread the word!

[Caleb Harbert @caleb_harbert]

$KSS deep value discussion ahead of earnings and why I’m here and so invested

[Caleb Harbert @caleb_harbert]

@FNaia2 Yep. Hopefully $kss management takes advantage and buys back these bonds cheap on the open market

[Caleb Harbert @caleb_harbert]

$KSS is always volatile going into earnings but man this one’s extra volatile.

I like deep values. $KSS is selling at $0.63/share above cash on hand most likely if tariff refunds are accurate.

Q4 they had $674m in cash and $1.5b in LOC free

Q1 is projected ~$1.224B in cash
-$674M + $550M tariff refund
-management may be buying bonds back for steep discounts so cash on hand will most likely be lower but we won’t know till earnings

[Caleb Harbert @caleb_harbert]

@DotyBilly But the market thinks $kss is only worth cash on hand. $kss has $6/share in cash on hand last quarter and expects another $5/share via refund. They should have $11/share in cash yet selling for $11.70 atm

[Caleb Harbert @caleb_harbert]

@jrk3420 Makes a lot of sense. If tariff refunds are accurate $kss will have $11/share in cash while selling at $11.70 currently 🤯

[Caleb Harbert @caleb_harbert]

@TalkMarkets $kss is selling for pretty much cash on hand. $11/share expected due to triff refunds. Just insane

[Caleb Harbert @caleb_harbert]

@0xVersteckt $6/share in cash as of last quarter with $550m tariff refund expected. $kss is literally selling at expected cash on hand pretty much 🤯

[Caleb Harbert @caleb_harbert]

@Mattihcq1 Awesome!