Signet Jewelers feeds ‘affordable luxury’ demand making it ‘Buy of the Week’

The public "desire affordable luxury" has a strong increase in sales for Signet Jewelers, which bodes well for the rest of the year and are adequate stocks head Charles Rotblut, editor of the AAII Journal led ladder, made his "Buy the week. " Life on the Money with Chuck Jaffe, said Rotblut -0.04% SIG Signet does not have the luxury jewelers, but the brand stores like Jared, Kay Rogers and call a client at an intermediate level, where demand seems to be holding. Rotblut noted that the company expects to register a 7% increase in comparable transactions in the second quarter, a similar growth in the third quarter and did not see that the growth in the last year for three months in large part because the period of 2011 included an additional week. Chanel Caviar Bag What camp is really shine, but his assessment of the title is currently trading at about 12.5 times sales and 1.9 times book and trading well below the industry average profit on a multiple of 16, said Rotblut. "We are looking at one's upside potential of 29%, and this is really the stock in the industry median and the key to that is to see this positive momentum, and you see the result of revised estimates," said Rotblut. " This company is really because their growth, and I think it's going to attract some investors ... and more people begin to understand what happened in this society, we should get a good boost in the share price. "