A specialty retail company that sells clothing and apparel to teens and young adults, Tilly's (NYSE: TLYS) operates 229 stores. It's a rare retail company that's growing stores in an environment where the Amazon (NASDAQ: AMZN) effect has left American malls looking like graveyards of dead hopes and dreams.
I discovered the company when I noticed its significant drop from around $25 per share down to $8 per share. These are the three primary reasons why I like this retail stock, especially at this new low price.
What I like about Tilly's balance sheet is the numbers it contains but also, and perhaps more so, is the management strategy that led to those numbers. The numbers are good, cash and marketable securities of over $124 million and no debt. But the type of decisions that were made to get those substantial numbers interests me more.