I don't own this stock yet but after shopping at a TJ Maxx this weekend it got my attention.
There were 20 people in line in front of me and another 20 in line behind me. The store had all 10 cash registers going flat out to keep up. Nothing special going on as far as sales were concerned but the traffic in the store phenomenal.
Just wonder if the other stores under the TJX umbrella do as well.
It's a cash hog! I've been following it for several years and every time I wanted to buy it looked too high. It's done nothing but go up. I finally bit the bullet and bought some two weeks ago, I have not regretted it yet, I already have profit.
Never liked this chain until about a year ago. Too messy, shopworn looking merchandise. Delapidated looking stores (NY & IL areas). Over holidays in NY,the stores offered valid savings and quality merchandise. Could still improve their house keeping. Their Wall Street area store was much different than others in that it offered more high end designer items (Jimmy Choo, St John etc) at bargain pricing. While there were long lines at check out, staff was well trained and line moved fast. Looking at their balance sheet and my own shopping experience, waited a few days after split and bought stock. Willing to see how it goes.
This stock leads consumer sentiment..won't blow price away up or down...it chugs along...gr8 model. When times r tough they do well cause of quality goods at less cost...when times r good, more economically depressed consumers will want newer...nicer things yet a discount is what they yet seek...so do well in economic building times as well as in dearly stabilization...which we are in ...my opinion