The Weekly Buzzing Stocks by Billy KawasakiKohl's CorpKSSTOP PICKNov 18, 2021
Retail is a positive sector to be in. Consumers are strong and inventory shortages are being overcome. Continues to sell goods at full price and the stock has rallied. Social media mentions are up 175% over the last 24 hours.
Down over 40% in the past year. Pays a 7.7% dividend. Expects it to produce $3 of earnings. Is priced now as if the consumer will lie down and down--not the case.
Doesn't trust it. They didn't have a good quarter--they have too much inventory and wasn't thrilled that they said they would stand by the dividend. Sell if this rises above $30.
They abandoned deal stocks today. Shares tanked nearly 20%. The company has been lying about its plan in its filings and she is furious. The company lowered its own guidance, yet was saying in its call that things were going well. That was BS. The company has wasted so much shareholder value in five months since they received that offer. They have underperformed every retailer. Management has been incompetent and lying to shareholders, no doubt. She wouldn't be surprised if an activist came aboard. They are terrible.
He doesn't like retail, which is down a lot, is nervous when a premier retailer like Target keeps doing down. He would be surprised if another company buy them.
They vote to keep or replaced much of the board with activists to decided on the company's destiny. Will they maximize shareholder value or sell the company? They should delay the vote until they decide on their path.
They vote to keep or replaced much of the board with activists to decided on the company's destiny. Will they maximize shareholder value or sell the company? They should delay the vote until they decide on their path.