Is Ross Stores' Stock Marked Down Enough?
Off-price retailer Ross Stores (ROST) is a good operator in a favorable market niche. ROST was one of the best stocks you could have owned from both the 2007 peak and the early 2009 bottom. Ross sold off Thursday after reporting a rare 1% drop in February same store sales from a year ago. ROST was down $4.13, or 6.9%, to $55.57 as of 1:29 p.m.
The shares got ahead of themselves last spring when they peaked at $70.82. Are they cheap enough to buy now at a 21.5% discount to that price? In order to know that, you need to see what the normalized valuation has been over the past seven years....301 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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