No Relief For J. Crew (JCG)

Shareholders of J. Crew JCG are getting no relief again today with the stock down $1.48, or 4.06%, to $35.01. Shares are now down 31.3% from their 52-week high and down 14.3% in the last month alone. J. Crew is one of the most innovative and best-run retailers around. Traders are clearly throwing the baby out with the bath water on this one--the stock trades for just 12.66 times next year's earnings estimates. This comes despite the fact the company grew revenues by over 20% last quarter and issued upside guidance for the rest of the fiscal year. Shares of J. Crew may well prove to be a bargain at these discounted levels.