Keep setting new highs for the year. Have a Happy New Year everyone - see you next year when we can continue to track JWN climb towards the 100 mark.
This stock has nearly doubled in the past 3 years while the bottom line has barely budged. I guess I just ain't feelin' it about the overall outlook so I'm selling. Might lose some but I think we're in greater fool territory here.
Way too many prospects ahead for JWN to sell..... Imo this stock will be trading at PAR by the EOY, maybe even a merger or buyout in their future..Stay Tuned....
UP $2.00 in the after market on a 12% dividend increase..... Maybe some record profits and a great outlook are in the cards......
Assuming the Board knows something about the upcoming earnings report (Dividend increase of 12%) - I'm guessing a very good report - with the stock jumping higher on the good news.
Your point is what? How many well know companies have even had a profitable quarter since 07-08 (hint - Amazon) and yet the stock price keeps going up. JWN is investing in it's future - so they are spending money to have one.
If you are looking for an investment and a company where the CEO will lay off everyone, sell the very ground they are standing on to make a profit - JWN is not for you. Their # 1 are serving the customers. They do this by melding innovation along with old fashioned face to face service as their top mission as they strive to beat all competitors. As a by product they will make a profit and pay dividends to stockholders. But their #1 emphasis to to grow their customer base - not a possible stockholder. As such, where managing their finances and issueing forecasts - they are very conservative. Not everyone likes that about them. If you don't then you should probably invest elsewhere. If you are a shopper and want the confidence of shopping with someone that will stand behind the sale and be there in the future - Nordstrom is for you.
$100 per share, When a stock is best of breed and is trading at or above $75 there is a great chance to go to $100.... guess we will see and tonight after the close the numbers are out for the quarter......
Well, I wouldn't say that it isn't growing, but it doesn't seem to be growing earnings that much. It looks like growth is costing a lot. If one only looks at per share #'s, those look better, but the true bottom line hasn't really improved since '07. Kind of a reflection of our whole economy.
Are you kidding me? How many co.'s have had a profitable qtr since '07?? I'd think every one in the S&P 500, and most in the Russell 2000. Now, how many have had meaningful bottom line growth since then? Not too many.