Introduction: Strong Performance Will Not Last
A look at the stock performance of department store chain Dillard's (DDS) over the past seven years reveals significant volatility. The stock dropped from a pre-recession peak of $38 in 2007, to a trough below $3 in late 2008, as investors worried that the chain was headed for bankruptcy. Since that time, the stock has rallied strongly, setting a new all-time high on Tuesday above $88. Dillard's gains over the past four years have been largely driven by the closure of underperforming stores and improved performance in the remaining stores. The company achieved record profits in 2011, and looks set to turn in another record performance in 2012.
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