FD is quite inexpensive on a PE ratio....looks at the chart it must be below its average PE...it just reopened the web site, it's got great brand store names and i think noone is expecting anything from this company, an upside surprise could make it move higher quickly...that's why i think it's a good buiy
I've had FD ever since Macy's filed Chap.11 and just held on to it in hopes of recouping which happened. Now I'm wondering if I should hold and what is the long range forcast for FD. This BB doesn't say too much.
i bought in around this price also, it looks like it's below it's 200 day moving average and well off it's high, i wouldn't make a big bet on any company, i'd diversify some (and I do), i think that retailers have lagged because of the warm weather, Fererated is a great store, but sure it can go down, there's lots of competition out there, maybe put some in Saks or polo which happen to be cheap right now also, i think the time will come for these companies, but we might have to wait for lower interest rates and a stronger economy, i think the stock is cheap and macys has one of the top retail web sites on the web, i think someday someone might notice this....same store sales might be flat but maybe the internet business is doing OK? i bought technologies back in October and am looking and buying some retailer now for a stronger economy months from now
BCF might be cheaper, but if they only make coats then their niche is very dependent on cold weather, FD is sell a lot of different items, has great stores and is inexpensive compared to it's historical PE, and it's previous 200 day moving average; it's not close yet to it's all time high and is behind a lot of the market, they are an excellent store and one of the top retailers on the net, noone is expecting anything from this company; i think that any upside surprise in earnings will make this stock move up quickly...let's hope for some good retail data for this thankgiving shopping weekend; and even if it's not a great Christmas for retailers i think the prices reflect the discounting