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Target beat masks problems |
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| May 20, 2009 08:40 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Target Corp. (TGT)  The cheap chic retailer beat the Street handily in its latest earnings numbers. That's no surprise, considering the dismal performance of Target (NYS: TGT) as compared to peers over the past year. The drugstore that stocks everything nearly destroyed a hedge fund run by legendary investor Bill Ackman designed solely to bet on Target shares. I think Target's rebirth may not be long-lived. Piqqem Sentiment for Target is neutral. Investors may be giddy today but they should consider the obstacles to a full-blown revival.Here's why. The company's growth in groceries just means more reliance in a notoriously low-margin and fickle consumer environment where they compete with brutal sharks such as Costco and Wal-Mart. Getting into the food biz is nothing to crow about, but that's just what the Target CEO Greg Steinhafel did on the conference call when he said the chain was seeing real gains in food shopping at Target stores. Continue reading Target beat masks problems Target beat masks problems originally appeared on BloggingStocks on Wed, 20 May 2009 15:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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