TCS

The Container Store Group Inc.

Consumer


Presented:10/29/2014
Price:$18.31
Cap:$0.88B
Current Price:$10.70
Cap:$0.04B

Presented

Date10/29/2014
Price$18.31
Market Cap$0.88B
Ent Value$1.23B
P/E Ratio34.48x
Book Value$4.09
Div YieldN/A
Shares O/S47.98M
Ave Daily Vol80,000
Short Int7.35%

Current

Price$10.70
Market Cap$0.04B
The Container Store Group, Inc. is engaged in the retailing of storage and organization products in the United States. It operates in two segments, TCS and Elfa. The company’s retail stores provide various lifestyle products, including bath, box, closets, collections, containers, food storage, gift packaging, hooks, kitchen, office, shelving, storage, trash, and travel, as well as its Elfa products. As of March 1, 2014, it operated 63 stores with an average size of approximately 19,000 selling square feet in 22 states and the District of Columbia. The company also offers its products directly to customers through its Website and call center. In addition, it designs, manufactures, and sells component-based shelving and drawer systems that are customizable for any area of the home comprising closets, kitchens, offices, and garages, as well as made-to-measure sliding doors to various retailers and distributors in approximately 30 other countries around the world on a wholesale basis. The company was founded in 1978 and is headquartered in Coppell, Texas.

Presented by: Sandy Colen, Founder & CIO, Apex Capital, LLC at The Excellence in Investing: San Francisco conference

Publicly traded companies mentioned herein: The Container Store Group Inc (TCS)

Highlights

Shares of The Container Store Group (TCS) are down 60% year to date, which has created a “compelling opportunity” and attractive entry point for investors. Mr. Colen is long shares of TCS, as the company possesses a number of attributes he looks for in long term investments. TCS has a proven history and track record as a category leader, and there is a substantial growth opportunity absent from Street expectations, in his opinion.

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