Thursday, November 29, 2012

Tiffany's Q3 Cash Flow Turns Positive

Tiffany & Co. (NYSE: TIF) filed financials for the 3rd quarter ending October 31,2012 this morning. After lower forecasts for 2013 shares are off 8% intra-day, trading under $60 a share. Equities Research warned on Tiffany's after 2nd quarter financials were reported on August 27,2012.

Q3 2012 cash flow turning positive vs. 3rd 2011 is bullish
This morning's report shows an increase of 12% for Tifanny's trailing twelve month operating cash flow vs. the comparable ttm period ending October 31,2011, but shares are still trading at 26 times trailing twelve month cash flow of $288 million.
Equities Research would be bullish on TIF if shares were trading at a lower Operational Cash Flow multiple closer to the 17 times cash flow.

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