An Easy Target for Shorting

Everyone has a bad day now and then. Yesterday was one of those days for Target, as the retailer reduced its profit outlook. Target (TGT) cited higher-than-expected costs related to last year's massive data breach, which will now cost the company $148 million. That big number stole the headlines, but for a company that pulls in more than $70 billion per year in revenue, it's a manageable expense.

What is really disconcerting is the company's flat same-store sales, which would have been worse if not for heavy discounting. Add to that the ongoing debacle that is Target Canada, and you have yet another lingering problem....319 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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