Urban Outfitters: Rating Upgrade On Turnaround And Broad Demand Strength

Following my coverage on Urban Outfitters, Inc. ( URBN ) in September, which I upgraded to a hold rating given the solid performance across all the core brands, this post is to provide an updateI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with s ...