Cato Corporation: Commercially Doomed But Liquidation Upside Exists [Seeking Alpha]
Cato Corporation (The) Class A (CATO)
Last cato corporation (the) class a earnings: 3/16 07:00 am
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US:NYSE Investor Relations:
catofashions.com/info/investor-relations
Company Research
Source: Seeking Alpha
The company's brand has experienced a considerable decline in notoriety and consumer visibility, limiting its scope for long-term growth as competition outspends the company. Economic conditions have compounded its trajectory, with revenue unable to exceed its pre-pandemic levels. All operating leverage appears to have gone, with EBITDA-M turning negative. Cato's valuation is completely depressed, trading at 0.2x revenue. This is despite having limited solvency risk, reflecting complete disregard by markets for this business. If Cato were to be liquidated today, we believe there would be upside at today's share price. The issue is, we do not believe this to be a likely choice by Management. Introduction and thesis The Cato Corporation ( NYSE: CATO ) is a leading retailer of women's fashion and accessories, with a focus on offering affordable apparel and accessories for juniors, misses, and plus-size customers. Founded in 1946, the company operates primarily under the "Cato,
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CATO
News
- CATO REPORTS 4Q AND FULL YEAR LOSS [Yahoo! Finance]Yahoo! Finance
- CATO REPORTS 4Q AND FULL YEAR LOSSPR Newswire
- The Cato Co. (NYSE: CATO) was downgraded by analysts at TheStreet from a "c-" rating to a "d+" rating.MarketBeat
- Cato's Operations Are Eating The Deep Value Play [Seeking Alpha]Seeking Alpha
- THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDENDPR Newswire
CATO
Analyst Actions
- 3/19/24 - TheStreet
CATO
Sec Filings
- 4/3/24 - Form DEF
- 3/27/24 - Form 10-K
- 3/25/24 - Form 8-K
- CATO's page on the SEC website