$16.00
-0.65 (-3.90%)
Jones Apparel Group, Inc. (JNY)
CAPS Rating:
The Company is a designer, marketer and wholesaler of branded apparel, footwear and accessories. Some nationalized recognized brands are Jones New York, Evan-Picone, Norton McNaughton and Gloria Vanderbilt.
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Yikes....declining margins, declining credit available to the consumer, higher end items taking it on the chin and declining earnings. If there's anything we've learned about retail recently is that this isnt a one quarter event. Jones has plenty of downside still available here, especially after looking at those sloppy technicals. Yes its only at 1 time book, but 1 billion in debt, are you serious???? Seriously...yikes....
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