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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.
Watch Inventory and Why Measures of Existing Home Inventory appear Different
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Today, in the Calculated Risk Real Estate Newsletter: Watch Inventory and
Why Measures of Existing Home Inventory appear Different
A brief excerpt:
We ar...
1 hour 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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