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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST

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To: bankbuyer who wrote (1553)5/31/2012 11:00:50 PM
From: batman10023  Read Replies (1) of 1876
 
look, this could be a sick company.

not sears sick but a company with problems.

management is pretty good here, but they have really stepped in it the last 12 months.

i see a path to 60 pretty easily but they need to get SSS back up to the 3-4% range for that to happen. if they have a decent back to school and xmas, i think 12x 5.25 - 5.50 next year numbers is possible 12 months from now.

as my friend said to me today (he owned KSS for 7 months last year) - his worry on KSS is that his base case/expected case was dead money.

downside is 10x 4.75 bucks next year's numbers which is 5% total return.
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