Mr. Armstrong: It's pretty broad. It's specialty retail. We're more of an idea shop. We tend toward the smaller and mid-cap names. So we look for stocks that are undervalued, underfollowed or have some niche where we think we can go out and provide some value-added research. So the names tend to be skewed more toward the hardlines, just because I think there are more opportunities there than in softlines at this stage. They tend to be small and mid-cap specialty retailers.
TWST: David, how do you define your coverage universe at SunTrust
Robinson Humphrey?
Mr. Magee: We cover various subsets of hardline specialty retail. The
groups that I cover are home decor, bookstores/video gaming, drugstores
and sporting goods.
TWST: Bill, what have we seen as far as stock performance in the retail
sector year to date?
Tickers included in this excerpt: AMZN, BBY, BKS, CC, CVS, ELBO, GME, GRTS, HIBB, JWL, LIN, MIK, PIR, TIF, TWTR, WAG, WSM, ZLC
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