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Strategies & Market Trends : Value Investing

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To: scbeachbum who wrote (69632)3/8/2022 6:24:59 PM
From: Paul Senior  Read Replies (2) of 78507
 
KSS. Upped my position.

From today's Barron's:

Kohl’s stock got a reprieve on Tuesday after the department-store chain disclosed late Monday that it had attracted more than 20 potential suitors, reviving hope that a sale of the business isn’t out of the question.The company had said previous offers were too low. But Kohl’s (ticker: KSS) said in a regulatory filing that advisor Goldman Sachs had talked to more than 20 interested parties, and that some had gone as far as to sign confidentiality agreements that allowed them to access some of Kohl’s financial data.Tuesday’s gain in the stock, coming after a plunge on Monday, is a sign that many investors are still hoping Kohl’s will go this route.Kohl’s has rejected two takeover bids, arguing that the offers it received were insufficient. Some analysts agreed with that position, but the company is also under pressure from activist investors that want to see more change.


Upside for me would be if company got sold. Downside is somewhat limited by increased dividend and stock buyback plan.

seekingalpha.com

finance.yahoo.com
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