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Nordstrom Inc. Message Board

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  • bearofbleecker bearofbleecker May 12, 2011 7:50 PM Flag

    2k Bid at 48.31

    I'm long JWN, but that was a disappointing report which will hurt share price, I think, despite the increased buyback authorization. (Let's face it: JWN's stock buybacks have not, historically, worked out for the shareholders or JWN.) Nevertheless, I will hold the base JWN positions in my wife's and my own account since we have a basis of about $10 a share, and the stock would have to drop about $9 to make selling a good idea.

44.01+1.27(+2.97%)3:01 PMEDT