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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (41124)	3/18/2011 10:28:23 AM
From: Spekulatius	Read Replies (2) of 78507

TGT breaking below 50$ today, looks like it's on the way to 52 week lows at ~48$. Earning estimate is ~4.2$/share, so PE is around 12. Growth has stalled and they are selling their credit card business (10%+ o their earnings) which I think is going to reduce their earnings but also free's up some resources from the balance sheet. I suspect those are going into buybacks. They also own their RE, and were pushed by a hedge fund (Ackman?) to spin of their RE into a REIT (would have been a a horrible timing anyways). Watching on the sidelines for now.

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