Tiffany's, a Little Blue Box with a Silver Lining
Luxury goods retailer Tiffany's (TIF) took a big hit in Thursday's trading after lowering guidance to $3.20 per share for the fiscal year ending Jan. 31. This will be just the third negative year-over-year comparison of the past 10.
Does that mean you shouldn't want to own Tiffany? The stock, at $59.62, is down from $84.50 at its 2011 peak and a 52-week high of $74.20. Perhaps the 29.4% drop more than reflects the 'bad news.' Keep in mind that $3.20 in EPS is better than any that came before last year's all-time record of $3.61....333 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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