Savvy Trades and Investments

[nelson1234]

KSS bbotcs, they announced in the earnings report today that they lowered the dividend to .125/quarter (from .50/qtr). For you, as a buyer today, that's still a decent yield of over 5%.

Yup, ugly guidance. And while earnings estimates and the share price drop say otherwise, I think most were expected a big divvy cut, just when not if. The guide down next year with a 5 - 7% sales cut was more than most thought (hence 'ugly'), but I mean I think most were expecting some decent sales guide down. Inventory up at year end was a pretty bad surprise, considering the sales forecast. They tried to explain some of that by saying they are investing in their private brands to drive margins. They do own lots of real estate including over 400 of their stores.

I don't own, but I was thinking about it.