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Nordstrom Inc. Message Board

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  • squeezetracker squeezetracker May 12, 2011 7:26 PM Flag

    2k Bid at 48.31

    Are you retarded? They beat on sales, they beat on earnings, they absolutely friggin smoked on same stores, and the stock is just getting going on the chart and with respect to the fundamental progress.

    Then you have the dividend (which is unchanged), and an additional share repurchase authorization of some $750m added to the almost $250m remaining on the prior buyback. That is close to 10% of the outstanding stock which they just suggested would be taken down over the next 18 months or so, all the while having arguable the best management team in the business and some of the best fundamentals in the sector, all while the sector is lifting all boats to 52 week highs.

    The other joker asked why I'm interested in buying the stock tonight in a respectful manner, so here's your answer. I'm buying it tonight at a discount of almost 3% to the close, and if Kohl's was any kind of indication (again, JWN's numbers smoked the KSS results), we can expect all my pro pals to join me tomorrow in scooping up these shares. Buy all you can below $49 girls, it's going to close above $50 tomorrow as the analysts all loved the great numbers -- it matters not that you guys are clueless on such things.

    $60 by Memorial Day, my short term target here.

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JWN
69.25-0.39(-0.56%)Aug 29 4:01 PMEDT

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