I am recommending the sell of the retailing sector. Why? The reason is simple, no one is buying anything right now. When was the last time you heard of a friend, neighbor, or colleague bought a new car? I tell you that it is obvious all over America (if not the world) put discretionary spending on perma hold a couple of weeks ago. You can rest assured that there isn't a retailer in America (even Walmart) that will have a great quarter.
Ever since Bush went on prime time consequences..... the retail market has come to a screeching halt that is only slightly less frozen than the cr
Kohl's Corporation operates a chain of departmental stores in the United States. The company offers apparel, footwear, and accessories for women, men, and children, as well as soft home products, such as sheets and pillows; and housewares through its stores and online. It also provides online shopping of furniture and electronics. As of May 1, 2008, it operated 957 stores in 47 states. The company was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin. Target: 72.00
On August 12, 2006, I posted Kohl's (KSS) on Stock Picks Bob's Advice when the stock was trading at $60.76/share. KSS closed at $45.05 on February 22, 2008, for a loss of $(15.71)/share or (25.9)%.
On February 7, 2008, Kohl's announced January same-store sales results and reported a decline of (8.3)% from the year-earlier period. Overall sales declined (20.4)% from last year. With the disappointing sales results, the company announced that the quarter's results "to be at the low end of our guidance of $1.30 to $1.34 per diluted share."
Looking for the bottom?....Keep looking.
- Why you should own gold. Historically, Gold has been a safe haven in distressed times, during high inflation times, at times when there was distrust o...
SELL THIS RALLY
- Sell this rally if you know what is good for you. The reasons are simple and relatively straight forward. Firstly, nothing has changed if anything th...
Data powered by QuoteMedia.
All Rights Reserved.
Data delayed 15 to 20 minutes unless otherwise indicated.
Terms of Use.
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
KSS
KSS
About Kohl's Corp.
- Answers.com
