JWN still worth buying ?
Good morning or good evening depending on what time zone you're in when reading this. đź¤
Today on the 25th our biggest stock in the portfolio released their Q3 earnings report. As of now we are 74% up on average in this stock. For all of you who aren't aware of what JWN is;
Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through Retail and since this quarter more then 50% over their orders was done online !
CEO Erik Nordstrom opened with 3 areas of growth in the business.
- Digital, increased from 33% to 54% of their total business !
- Nordstrom Rack, is now 1/3th of the total business.
- 16 stores are still closed. This decreased overhead.
I personally think this is great ! Every retailer should be focusing a shift to online sales. Not only that but jus think what will happen to the gross profit margin !
- Pick up in stores Increased by 156% over last quarter !
Why am I still bullish on this stock even though I already have 74% gains ?
- Strong financial position, they still have 900m in cash. Plenty to survive this pandemic. They even reported 0.36$ earnings per share ! This beats analysts expectations by 0.35$ and shows that this company is a cash machine. 💲💰
- Digital sales now 1.6 Billion or 54% of total sales.
- Nordstrom will start paying dividends at some time. It might not be this quarter or not the next but once everything is over for sure.
- Family owned business and CEO, you just know they are working hard for their families name and heritage.
- CHRISTMAS is coming !!!
I think if the stock pulls back it is still interesting to add our position. If it goes up we still keep holding for probably at least a year or longer, maybe take some profit if it hits 30$. đź’ą
Here is a peak into my public portfolio. etoro.com/people/samboly/portfolio
If you like my content please hit the like button or you can copy me on Etoro. 🙏👊
Today on the 25th our biggest stock in the portfolio released their Q3 earnings report. As of now we are 74% up on average in this stock. For all of you who aren't aware of what JWN is;
Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through Retail and since this quarter more then 50% over their orders was done online !
CEO Erik Nordstrom opened with 3 areas of growth in the business.
- Digital, increased from 33% to 54% of their total business !
- Nordstrom Rack, is now 1/3th of the total business.
- 16 stores are still closed. This decreased overhead.
I personally think this is great ! Every retailer should be focusing a shift to online sales. Not only that but jus think what will happen to the gross profit margin !
- Pick up in stores Increased by 156% over last quarter !
Why am I still bullish on this stock even though I already have 74% gains ?
- Strong financial position, they still have 900m in cash. Plenty to survive this pandemic. They even reported 0.36$ earnings per share ! This beats analysts expectations by 0.35$ and shows that this company is a cash machine. 💲💰
- Digital sales now 1.6 Billion or 54% of total sales.
- Nordstrom will start paying dividends at some time. It might not be this quarter or not the next but once everything is over for sure.
- Family owned business and CEO, you just know they are working hard for their families name and heritage.
- CHRISTMAS is coming !!!
I think if the stock pulls back it is still interesting to add our position. If it goes up we still keep holding for probably at least a year or longer, maybe take some profit if it hits 30$. đź’ą
Here is a peak into my public portfolio. etoro.com/people/samboly/portfolio
If you like my content please hit the like button or you can copy me on Etoro. 🙏👊
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