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The reports of my death are greatly exaggerated - Mark Twain
Just as the reports on Mark Twain's death were greatly exaggerated, so was the demise of the department store. See below an example of an article
Nordstrom Survived And Is Now Ready To Thrive
Summary
- Nordstrom was severely affected by the pandemic, but it has now for the most part recovered and is again generating attractive operating cash flows and earnings.
- Shares remain surprisingly cheap despite the improvements and the outlook for continuing improvement and revenue growth.
- There are some risks Nordstrom investors should keep an eye on, such as a high short interest level, declining website engagement metrics, and a low Altman Z-score.
- Even considering the risks mentioned above, we view shares as attractive at current prices and believe they have significant appreciation potential.
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