Shares of women's apparel maker, marketer, and retailer Liz Claiborne
Investors have been waiting for Claiborne to put together a sustained run for some time: The company's shares, along with those of acquisitive competitor Jones Apparel
But they're also attracted to some of the same things that Berkshire Hathway's
This company currently goes for about 13 times its low-end estimate for 2004 EPS -- though, it should be noted, Liz Claiborne's EPS growth can in large part be attributed to consistent share buybacks as well as increases in net income. That seems like a pretty fair price for a company that's financially strong, consistently run, and serious about maintaining its market position.
Speaking of Liz, Fool contributor Dave Marino-Nachison wishes his pal a safe trip to Croatia. He doesn't own any of the companies in this story.