Greece and Euro Zone meltdown has what to do with US retail?NothingBuying opportunity for super undervaluation shares. S&P is trading at a long time low of 11 x PE ( trailing ) hmmm.
Well not for nothing, but the flagship store here in NY is usually packed with wealthy European tourists.I'd also guess that deepening Euro trouble will put the kibosh on overseas takeover rumors that pop up from time to time.
The Euro even in meltdown is trading at a favorable historical exchange rate. More likely as growth slows for Euro based companies quality acquisitions may prove to be more interesting. Having said that SKS does not need a takeover to reach $15 imo.