"The reorganization comes as Kohl's board of directors is weighing options that could include a partial or full sale to a private-equity firm, people familiar with the conversations have said. These people cautioned, however, that the discussions were preliminary and Kohl's may choose to take no action."
Just kidding. I hope KSS drops down even more. Still a lot of dry powder waiting for that. They're a cash flow machine as are a lot of the retailers getting killed in the market right now. Keep the stock price at 40 for a couple years and KSS can buy back 1/2 of the outstanding shares. A man can dream right?
Sentiment: Strong Buy
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Kss.....so the weather will be warmer than usual in the next few days....does that mean retail stocks are going to fall even lower??? thanks for your input!
Sentiment: Strong Buy
How a stock went from around 42 to 50+/- in about 3 months since Oct-Nov/2015? and one morning, BAaaam the 3-4 month gain plus was flushed down the toilet. Good thing, I was not involved but did somebody lose a bunch of money today? Did somebody buy the stock at above 50 yesterday?
Finally, in the sea of morons posting on Yahoo Finance - someone serious with a intelligent comment. I bought this back in October at an average cost of $44.64 and had a halfway decent gain I was thinking of cashing in over the past few days but didn't. That's life. Morningstar had its fair value but my more-trusted Merrill analyst had a target of $55 and I thought it was pretty close. Merrill lowered its PO to $49 today after the news.
Jim Cramer was howling this morning about how massive of an announcement this news was and acted as if the company is now garbage. He doesn't understand retail - period. I happen to own a hardware store and after 23 years I know one thing for certain - you can't predict or change the weather. I live in Wisconsin and this December weather was unseasonably warm and we had almost no snow as well. No one was buying coats, sweaters, long underwear, gloves or hats. The company is not making this up and its not an excuse - its a simple fact. Were other factors involved as well - probably but the weather was the real biggie.
I wish I had cashed my gain in yesterday before this announcement but I didn't and I still believe Kohls is a winner. I imagine it goes down another dollar or two as more downgrades come in later today and in the next few days but I'll stick with it and enjoy the yield and upside.
you are absolutely right about the price hikes,it is actually sometimes more expensive to buy an item at Kohls even with the 30% off coupon than the same item in another store at its "normal" price. It's the old trick all oriental rug dealers use, mark up the rugs 50% and then offer say, a 40% sale, I hate that people still fall for this trick. But then again, it's America and look at how many people vote Republican, educatioaln levels are not too high.
Could you had been more wrong? An apology to the message board is in order.
Kohls is done. People are not shopping there like they use to. Stores are dead unless they have some promotion going on.Things are over priced unless you have a 30% off coupon. And what they charge for toys they should be ashamed of themselves marking stuff up that high! They have no clue how to run a successful business. They need to do something cause the setup they have now will out them out of business in 3-5 years.
KSS is dead in the water in traditional retail and has not been able to drive online sales as much as the market has expanded. Unless things change prospects for Topline growth are dim.... if you are long you need to be happy with the dividend as long as they can pay it because the prospects for a rise in share price are not too good.
They are on the same path as Mervyns. Using an old retail trick of tripling regular prices to accommodate high percentage discounts via sales and coupons. The hopes are that point of sale transactions will inlude some full price higher margin items.
I tell my coupon driven wife that she still has to spend to save. The only thing she saves is closets full of clothes we can't possibly where in a lifetime. My little bi- polar beauty now spends as much time returning items as shopping to purchase. She is a productivity killer for any retailer she shops as the experience of "the shop" post guilt is countered with returning the items. She is migrating to Amazon and as a prime member, she does the same routine but from the couch.
The entire coupon marketing strategy is back firing and digging too deep into margins. Perhaps good quality at a compelling price and forget the gimmicks. The stock can go a lot lower from here as the ecomomy in general is not great and anticipated by the big money bear camp to get drastically worse.