Did Children's Place have a fun quarter?

That's okay. I was really shocked by the fact that Children's Place actually increased its same-store sales metric by 1%. Pleasantly shocked, in fact. I would have bet on a drop.

Children's Place used to run Disney's (NYSE: DIS) North American retail operations, but the company decided to rid itself of that business. I can understand that decision. It's probably better to focus on growing the core brand.

While I thought Children's Place had a decent quarter, I wouldn't be a buyer of the stock. The shares have actually been a very good investment in recent times. If you had picked some up at the 52-week low of $16.45, you would be sitting on a pretty darn good gain right now. As I write this, the shares are priced at over $34. I'd have to see a big drop in the share price before I'd enter a position in this company.

Going forward, I think the retailer might make a good trading vehicle at times, but it's certainly not a company I want for a long-term portfolio. There are definitely better brands out there. Plus, considering the failure it had with the Disney Store investment, I'm not sure I trust this company to always make the best decisions for shareholder value.

Disclosure: I own Disney; positions can change without notice.