Nordsrtom has a history of missing, and the stock takes an initial hit, then recovers. Short term protection against a really bad miss. I still think the company is going in the wrong direction with the main line stores continuing to cut management costs....but then again, maybe the Nordstrom's see a long term secular decline in the regional mall department store business, and are trying to manage the decline. That could explain the shift toward the Rack stores, and on-line. I will give it a few more quarters to see how it plays out.
Good thinking you could have bought the march puts for slightly more. It may take a day or 2 for the bad earnings to get JWN down to 45ish. Just say in. Hey for that matter why not just buy the Mar 50Ps
61000 full time employees
No mention of earnings next week?
only 20 posts in the last 2 mos + over 1/2 are Bidderman + Blair
What there is no interest in Nordstroms?
Yes. I sold puts for a double that would have made 10 times as much 10 days later. Put options are cheap way out of the money, but you need to pick a point where they'll get close to, or into, the money to make a killing.
Over the last several years, Nordstrom appears to have under-reported executive perks for private jet travel. The Company’s proxy statements also raise other issues, including troubling related party transactions between the Nordstrom family and the Company. If you would like to discuss a potential legal claim you may have against Nordstrom, please call 855-505-5342. Thanks!
Our law firm is investigating JWN. Over the last several years, it appears that Nordstrom has potentially under-reported executive perks from 2007 - 2010 for jet travel. The Company’s proxy statements also raise other issues, including troubling related party transactions between the Nordstrom family and the Company. If you would like to discuss any potential claim you may have against Nordstrom, please call 855-505-5342. Thanks!
JWN last year underperformed the index's by a large percentage, and is down 7.5% YTD. It appears that Wall Street is not impressed by their cost cutting in the mainline stores and their capital expansion into the Rack stores. I have been a long term holder of the stock, yet it is becoming harder to continue to tie up capital in a company who appears to have lost its edge. Maybe the Nordstrom family is getting tired...certainly aren't doing it for the money at this point.
It just goes to show you that the internet will provide alternative points of view to support any position - regardless of merit.
Cannot understand your English - do you mean "an" instead of "a", an estimated (additional)...? The next sentence is so poorly written - what do you wish to say? Then, it is "affect" rather than "effect. "
The only thought I was able to extract from your sentence was that the Rack and main stores are odd bedfellows. I don't agree - sometimes they send unsold items to the Rack stores and, further, the two lines of business capture different demographic clienteles.
Through Q3 of 2013, with a estimated 23 stores in 2014. Clearly where the growth is going. Nordstrom must see slow to no growth in sales in the traditional regional mall locations vs. Online and Rack stores.
How this will effect the management decisions going forward will have to see. In addition, total different managing skills required in working at a Rack store and main line. Odd juxtaposition between the two business.
I have a small position in JWN and am waiting for a pullback to buy more. I believe strongly in this company but the stock is near an all time high. The Nordstrom experience is far different from the Macy's experience when shopping. I will never shop at Macy's although I occasionally hold positions in M. Just waiting for a dip in JWN. 2% div yield helps the cause a bit. I have been told that Nordstrom Rack accounts for a high percentage of JWN's overall profit--not sure if that is true though.
Not only is in store traffic off, but their latest "match anyone" and "match everyone" practice is going to prove highly negative when it comes to profits. Nord has basically decided to operate at their high overhead cost structure but sell at everyone's low cost, discount, friends and family price.