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To: Smiling Bob who wrote (7544)12/23/2004 12:12:55 AM
From: Garden Rose  Read Replies (1) | Respond to of 19256
 
Jon, what is BAC? Thanks, GR.



To: Smiling Bob who wrote (7544)12/23/2004 11:57:29 AM
From: Smiling Bob  Respond to of 19256
 
KSS- 47.15 bid(still a great short short term) - why it's destined for 39 next couple of weeks.
They already are struggling. They are stand-alone stores with limited selection. Last minute mall gift certificate buying will not give them any help.



To: Smiling Bob who wrote (7544)1/4/2005 6:48:08 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
KSS -49.27 Dana Cohen doing her best to take a stand
On 12/22 she forecasts poor sales at retailers and KSS, then does a 180 1 week later after some retailers say sales improved.
The bottom line is, KSS is poorly positioned.
They are locating at mostly 2nd rate centers, often serving as a poor anchor, and offering very limited selections.
Dependent upon cherry picking their product line doesn't allow room for error.TGT and WMT are much bigger, and can more easily weather X % of selling space lost to a loser. KSS will again blame mild weather on excess inventory.
As unglossed financial details are released, the stock will quickly wither. The soon to be price of 39 will take the PE more in line with industry.

Forecast raised for department stores
By Dan Burrows, CBS MarketWatch.com
Last Update: 4:26 PM ET Dec. 30, 2004
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NEW YORK (CBS.MW) -- A late December sales pickup prompted Banc of America Securities to raise same-store sales forecasts for a number of department stores, but earnings estimates remained unchanged.
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B of A raises department store same-store sales view
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Citing better-than-expected sales at the end of the month, analyst Dana Cohen on Thursday raised her December same-store sales projections for Federated Department Stores (FD: news, chart, profile), Kohl's Corp. (KSS: news, chart, profile), Saks Inc. (SKS: news, chart, profile) and May Department Stores (MAY: news, chart, profile).

Cohen said she sees Federated's December same-store sales, or sales in stores open at least a year, now coming in flat to up 2 percent, versus her prior view for a 1 to 2 percent decline.

Kohl's is now forecast to increase 1 to 3 percent, against the prior outlook ranging from a 1 percent decline to a 1 percent gain.