We've been cautious for a while on the retailers. The one thing that's in their favor is that in the overall spending environment, you'll see people tend to go to these stores more than other product categories because there a lot of excitement, a lot going on.
More Quotes from David Strasser:
Moving the needle on a 300 billion retailer takes time.David Strasser
That and a generous share buyback program should sustain earnings-per-share growth of 15 to 20.
David Strasser
There is so much bad news priced into the stock ... and sentiment is so poor, that we believe the disappointing near-term results will be discounted in anticipation of improvements from new management.
David Strasser
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