Flipping My Stance on Nordstrom
Ever hear this catchy phrase from a Wall Street titan? "You have to stay nimble when investing." I sure have -- and, unfortunately, back in the day, I myself used such clichéd expressions in my equity research reports. In any case, to be nimble is to have a willingness to change direction on a particular stock call, and then to execute around your new perception. Allow me to demonstrate this process with Nordstrom (JWN).
Nordstrom was a name that did not tickle my fancy prior to earnings. Yes, its trends in comparable-store sales (comps) were quite healthy to end 2011, and the year was on the mark overall after the company raised full-year earnings guidance in its third-quarter report. Still, I was worried about profitability....679 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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