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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (69964)10/16/2023 7:17:01 PM
From: E_K_S  Read Replies (2) of 78498
 
Re: KSS +7.3% Back To The Future?

Do you Value Investors Remember this bid April 3, 2022

Acacia Research, backed by activist investment firm Starboard Value, offered to pay $64 a share for Kohl’s, valuing it at about $9 billion. Private equity firm Sycamore Partners was also planning an offer of $65 a share, people familiar with the offer told CNBC.
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Been building a 'Value' position in KSS w/ 6 different Buys last several days. Then we get a a run today on 1.2x ADV. Maybe nothing and/or stock is just over sold. Only 18 months ago, we had this offer by Acacia for $64/share that was turned down by KSS Board.

KSS selling at 0.5x BV
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