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$23.46 -0.68 (-2.82%)
10/7/2008 11:41 AM

Nordstrom, Inc. (JWN)

CAPS Rating:
**

The Company operates as a Full-Line stores. It's a fashion specialty retailer offering apparel, shoes, cosmetics and accessories for women, men and children.

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Avatar NeroSagetrade (47.00) Submitted: 10/23/07 9:47 PM : Underperform Start Price: $37.51 JWN Score: 6.89

Nordstrom is not a bad company, but given the current state of the high-end retail environment it looks highly likely that the consumer is cutting back his spending on high priced items and Nordstrom is one of the first companies that will feel this pain. JWN recently reported lackluster same store sales and earnings estimates have been steadily dropping. At 5 times book value and with 1.5 billion in debt, I cant say much about the company other than I'd avoid it here. Technically as well its showing signs of losing all support until the $20s.





Nero


Sagetrade

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