BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

IPAR: Multiple Brands for Success in 2022, PT to $125

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul type="disc"><li>
Inter Parfums (IPAR) disclosed demand was running ahead of supply even though ad spending continues to trail the target level the Company tries to spend every year. IPAR had already disclosed its second quarter sales leaving the official announcement for more of the underpinnings of the business.</li></ul> <ul type="disc"><li>The release of new fragrances this year has been met with greater consumer demand than expected even though duty-free stores remain mostly closed. IPAR plans to have new fragrances for its top brands next year as well.</li></ul> <ul type="disc"><li>The addition of Salvatore Ferragamo to IPAR’s product portfolio sets the course for further growth in 2022.</li></ul> <ul type="disc"><li>Overall demand environment would support IPAR exceeding sales guidance prior to adding in the benefits of the Ferragamo license.</li></ul> <ul type="disc"><li>Our price target is now $100 from $80 to reflect our 2022 earnings forecast.</li></ul>


Inter Parfums (IPAR) disclosed demand was running ahead of supply even though ad spending continues to trail the target level the Company tries to spend every year. IPAR had already disclosed its second quarter sales leaving the official announcement for more of the underpinnings of the business. The release of new fragrances this year has been met with greater consumer demand than expected even though duty-free stores remain mostly closed. IPAR plans to have new fragrances for its top brands next year as well. The addition of Salvatore Ferragamo to IPAR’s product portfolio sets the course for further growth in 2022. Overall demand environment would support IPAR exceeding sales guidance prior to adding in the benefits of the Ferragamo license. Our price target is now $100 from $80 to reflect our 2022 earnings forecast.

Inter Parfums

IPAR: Extended Growth Story, PT to $100