Dillard's: A Break In Share Price Momentum Means More Downside Ahead
Alpha Gen Capital • Tue, Aug. 19
- The shares have risen substantially from the 2008 lows but the company has not realized any revenue growth over that time period.
- The company's earnings growth has largely come from margin expansion and share buybacks, both of which appear unsustainable.
- The second quarter earnings recently released appear to have broken what was a momentum stock and will likely create a rush to the exits.