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Down about 10% today. Hit a fresh 52-week low.
If I didn't know better, and I felt that department stores weren't a good investment in this modern age, and I didn't have complete faith in Eddie Lampert, and I wasn't totally optimistic about the future, and I wasn't being sarcastic, then I'd start to suspect that there might be a long-term pattern forming here.
Good thing that I'm none of those things! D'oh!
Pillars of retail department store strength, baby. That's what I'm talking about. Again.
"The Office Sector’s Double Whammy"; Record High Office Vacancy Rate
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From Nick Villa at Moody's The Office Sector’s Double Whammy
The ongoing challenges affecting the office sector have not only resulted
in deteriorating sp...
5 hours ago
5 comments:
I have a position in Kohl's (KSS) as an exception. So far that position has been BOHICA. ;)
The BOHICA position can fletch a good price in a free market. Badum-ching. ;)
Sears shears shareholders by the sea shore.
Say that five times fast.
Speaking for retailers, Wet Seal's fate was sealed this week:
http://www.marketwatch.com/story/teen-retailer-wet-seal-closing-all-its-stores-2017-01-26
Mr Slippery,
Sallie Mae sell Sears' shell, buy the Macy's short?
Fate sealed with a kiss... of death. Sigh.
Not to be confused with the KISS of Beth, but Beth, what can they do?
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