Before I started my blog my last stock purchase on 5/17/14 was:
shares of for per share.
Target is one of the worlds biggest retailers and has been under a lot of heat due to a security breach in their credit card systems. (TGT) has decreased by -13.41% in the last 6 months and at these current prices I felt a need to buy. Target is currently on a road to recovery but they have a long way to go. Online retailers such as Amazon continue to dominate Walmart and Target with their great prices. Do you think Target will be the next KMart? I would say hell no, and the reason is Target sells quality merchandise unlike Walmart. I can buy quality furniture, clothes, organic food, etc. at Target. reported a huge drop in Q1 earnings last week, as expected with all of that headlines they have been in. The company's two biggest blunders were the botched Canadian expansion and the data breach. These two mishaps are still weighing down its performance. But for how long? It seems revenue is holding up well in the U.S., but profitability is under pressure.
Anyone else like Target (TGT) at this price? Do you think Target is on the road to recovery? Thanks for reading!