Padini just released another impressive annual earning. Well, if PADINI is not a growth stock, i don't know which stock is. The best part about Padini is their net margin is growing steadily over the year, from 7%+ in 2005 to over 13%+. Its clearly shows that they have more pricing power now and the brand is more well accepted, not to mention the ability to pass/share the cost impact to the customers. If the trend continues, i think Padini net earning going to record another set of impressive growth rate! Only thing i dont like about PADINI is their growing inventory, however overall quality of balance sheet, keep my mouth shut.
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