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Target Corp. Message Board

  • aeronhm aeronhm May 20, 2014 8:45 AM Flag

    Be prepared for a huge earning miss, and TGT will be down 20%

    Sell now to save yourself ...

    Sentiment: Strong Sell

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    • Time to close short positions now ....

      Sentiment: Buy

    • There are both sides to this but I think the down side is the easier position to argue. On the bullish side, the security breach is all but history. Also, while the Canadian roll out was apparently a disaster, Target board members are taking out leadership they held responsible for the poor management of this undertaking. The key question is "when will Canada become profitable ?".
      I'd say Target wants to put all this bad news in the former CEO's suitcase along with his large compensation and call it a quarter, so it will likely look UBER bad.
      All this does not mean that the stock will be hit 20% . The Target board is looking at every problem and seeking the means and the people to solve them. Will it work ?
      I am believing the today and tomorrow's earnings day hit will be closer to a 10% loss, so we tend to agree on the downside, but not on the amount.

78.88+0.19(+0.24%)Oct 9 4:05 PMEDT