In September 2016 I acquired Target’s stock in the upper 60s. This was shortly after the company went “political” and sparked a boycott from conservative groups. In addition, the company was facing stiff competition from Amazon and other retailers were failing everywhere. I watched the stock fall into the lower 50s. As it collapsed further, I … [Read more...]
Recession Fears
In my last post we discussed the slowdown in the industrial sector and how it is affecting companies like 3M. However, on a global scale, other sectors appear to be contracting. More specifically, we’re seeing a mild recession in Germany and growth in China slowing dramatically. The U.S. appears to be the bright spot. Yes, industrial companies … [Read more...]
Progress Report: Q2
Nobody noticed it but there has been a serious market correction. High flying banks and tech stocks have masked the true state of the market. Telecoms have been cannibalizing each other with ambitious marketing campaigns. Commodity prices continue to weigh on the agriculture and energy sectors. Utilities are stagnating with the onset of more … [Read more...]
Target: Being Targeted
Target had a rough June. Amazon announced its acquisition of Whole Foods, giving Amazon a large physical base. Amazon will now be selling (presumably) low-cost, organic foods. Even more troubling, Amazon has no problem losing money. It is possible they will slash prices in an effort to drive out traditional grocery chains. Supposedly, consumers … [Read more...]
Target Woes
Target continues to get pounded! A few months ago I purchased Target citing its attractive valuation and low P/E ratio. Unfortunately my timing was less than ideal. Since my initial purchase Target has fallen 12 points. The company recently had a miserable earnings report. Even worse, the company downgraded its guidance for 2017. Revenue fell 4.3% … [Read more...]
Recent Buy: Target Corporation
It’s been a couple months since my last major stock purchase. Like many others I’ve been experiencing the “fear”. What if I have poor timing and the market crashes tomorrow?! Unfortunately, I’ve been in the process of rationalizing my timing of the market. If I wait to put the majority of my resources in then I’ll be able to buy MORE shares. … [Read more...]