The Softer Side of Retail (by Fayssoux)
On the one hand: shares are hard to borrow, puts are very expensive, famous and aggressive hedge funds are heavily invested, this stock has squeezed many shorts. On the other hand: target consumers are under stress, competitive position has been deteriorating for a generation, valuation is tied in part to commercial real estate in an overstored America, frequent management turnover, empty stores, questions about cash position, does not report same store sales regularly; big earnings announcement on November 19. What do you do?
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