5 Good Reasons Why Nordstrom Is A Strong Buy
About: Nordstrom, Inc. (JWN)
by: Mario Glogović, CFA
Summary
Operating cash flow is increasing; sales and operating profit should experience a minimal decline.
Comfortable cash and debt position will enable the continuation of high cash distributions to shareholders.
Nordstrom offers an above-average dividend yield coupled with a continual decrease in outstanding shares.
At the current level, Nordstrom is one of the cheapest S&P 500 components.
With short interest at 31%, there is a significant potential for a short squeeze.
On a 52-week basis, Nordstrom (JWN) is among the S&P 500's worst performers. During this period, Nordstrom's stock price fell by approximately 50%. However, we should ask ourselves, has the business deteriorated so
