This article is excerpted from Tom Yeung’s Profit & Protection newsletter dated July 28, 2022. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Source: Shutterstock Growing up, my family’s hamburger grilling looked like this. Ground beef? Check. Salt, pepper and spices? Of course. Then add bell peppers, onions, saltine crackers and an egg for good measure? Umm… That too. It was only after the internet came around did I learn we weren’t supposed to turn our burger patties into wads of meatloaf. Many of the world’s top chefs create award-winning concoctions with only three ingredients: ground beef, salt and pepper. The amateur practice of overdoing things extends to investing too. There’s always a temptation to have 30… 50… 100 open positions to avoid the feeling of missing out. And rather than shine, these gargantuan portfolios eventually look like a bland mishmash of uninspiring ingredients. Getting Rich Without Really Trying The secret to winning portfolios, of course, is to concentrate bets in a handful of high-conviction positions.
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Cato (NYSE:CATO) declares $0.17/share quarterly dividend, in line with previous.Forward yield 5.44%Payable June 27; for shareholders of record June 13; ex-div June 10.See CATO Dividend…
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CHARLOTTE, N.C., May 20, 2022 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.17 per share. The dividend will be payable on June 27, 2022 to shareholders of record on June 13, 2022. The $0.17 dividend, or $0.68 on an…
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Two factors drove shares of the apparel retailer up.
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CHARLOTTE, N.C., May 20, 2021 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.11 per share. The dividend will be payable on June 21, 2021
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Image: Cato Fashions, Facebook The Cato Corporation (Cato Fashions) reported net income of 20.7 million dollars or 92 cents per diluted share for the first quarter compared to a net loss of 28.4 million dollars or loss of 1.19 dollars per diluted share for the first quarter ended May 2, 2020. Sales for the quarter were 211.2 million dollars, up 114 percent compared to the first quarter ended May 2, 2020. Compared to the same period in 2019, sales decreased 7 percent. The Companys same-store sales for the quarter increased 111 percent compared to 2020 and decreased 8 percent when compared to the same period in 2019. We remain cautiously optimistic about the remainder of the year as we see customer traffic improve, states continue to lift capacity limits as more people are vaccinated, the comfort level with venturing out to social events increases and people prepare to return to work, stated John Cato, chairman, president, and CEO. The companys gross margin increased from 15.4 percent to 41.5 percent of sales in the quarter due to higher merchandise margins.
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CHARLOTTE, N.C., May 20, 2021 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $20.7 million or $0.92 per diluted share for the first quarter ended May 1, 2021, compa
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CHARLOTTE, N.C., May 20, 2021 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $20.7 million or $0.92 per diluted share for the first quarter ended May 1, 2021, compared to a net loss of $28.4 million or ($1.19) per diluted share for the first quarter ended
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