Street Justice: Discount Shopping

Welcome back everyone. I hope your enjoying the week as much as I am. The market continues to show it won't go down without a fight and today we got some good news for the good guys. I'll elaborate on that later. Right now I've got 3 companies for you that are selling at a discount to say the least.
First is SHOO/Steven Madden Ltd. They design, market and sell footwear brands for women, men and children. Their footwear is sold through their 96 retail stores, an e-commerce website, catalogs and department stores. Their brands include Steve Madden, David Aaron I.e.i, Stevis and Steven Madden Men's and are sold to such departments stores asBloomingdale's, Bon Marcke, Burdine's, Macy's, Foley's, Lord and Taylor, Victoria's Secret and Finger Hut. SHOO has great relative timing and safety, but the relative value was low(0.73 of 2.00). They have a P/E ratio of 14.94 and a ROE of 13%. EPS for SHOO are up 70% over last quarter with sales up 9% over last quarter. Net income for SHOO was up 272% over last quarter(nice). Even in what some consider a slow economy, SHOO manages to make money for it's investor's as well as itself. They are up(price) 7% over the past 52 weeks and 30% over the last month. Next up is GSI/General Steel Holdings. They manufacture hot rolled carbon and silicon steel sheets that are used to build tractors, agriculture vehicles and in other specialty markets(think pipelines). They sell their products to distributors, service centers and manufacturers worldwide. GSI has relative value and timing, but the relative safety was bad(0.67 of 2.00). They have a P/E ratio of 10.68(low) and a forecasted earnings growth rate of 45%. GSI has an annual sales growth of 556%, but has seen a rather large decrease in net income for the quarter(1,200%) due to steel prices. One number that really caught my eye though was the growth to P/E ratio which is 4.22. Generally, if a stock has a growth to P/E ratio of greater than 1.00, it is considered to be undervalued. Today's final company is GG/GoldCorp Inc. They acquire, develop and operate precious metals mines throughout North America, South America and Australia. Their main reserves are of Gold and Silver, but they also mine Copper, Lead and Zinc. The only attractive relative number for GG is the relative safety which is good because that's why I want to buy a gold stock, for safety. GG has a P/E ratio of 36.38 and a 22% net margin. Sales were up 29% over last quarter, but net income was down 104% due to the drop in the price of gold. GG pays a dividend of $.17 per share and although it has a 0% dividend growth rate it odes have a high dividend safety rating(meaning it prob. won't go down). Goldcrop is up(price) 31% over the past 52 weeks, but down 32% for the month(4 weeks). This is directly related to the price of gold falling and if you believe gold will continue to drop then wait to buy GG.
In addition to the normal good news(oil dipping, the dow and dollar up) today we saw some Street Justice get served. several major investment banks have been ordered to payback over $30 billion to investors that purchased "auction rate securities". This development comes from an ongoing investigation by N.Y. State Attorney General Andrew Cuomo into the representation of these investments by the banks. Some may not see this as good news, but it is a necessary step toward the transparency needed in wall street and the Business world abroad.
So, that's my opinion on what's going on today. What's your take? should these investors have gotten their money back, was justice served? Is the government wrong for interfering? Let me know.
I'm gonna steal a few lines of today's post to pat myself on the back and wonder what happened. It would appear I called that double top in the EUR/USD chart right on. Today it hit a 6 month low and after looking at the chart again I can see the two peaks and subsequent cliff dive that is following. I think I should become a technical analyst(just kidding). O.k. now that's outta my system. The USD continues to make it's run more historic than it's descent as we see it at levels similar to the beginning of the year. I would expect to see the dollar continue to gain against the euro(EUR) and the franc(CHF), but would be cautious with the crosses that are more closely connected to commodity prices(AUD and CAD).
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