Go to Google Groups Home    Target Corporation
Re: I'm buying into Target

thegoodfel...@gmail.com

Please understand that this company is not positioned very well
because it has too many negative drivers affecting its share price.

Target can be a great place to do shopping--an experience incomparable
to its competitors, however, if a CEO of your own firm provides a
warning on:

1.  margins being squeezed,

2.  Credit division not selling in the near future,

3.  share buyback program being halted (remember they got approved to
buy $10 Billion worth of shares...in July TGT said they will have
bought majority of their share by year end---year end has past and
less than majority have been bought back...now these are hardcore
numbers that I am referring to).

The parking lot at TGT can be packed at capacity, but, if a particular
sale threshold is not met then the stock is on the decreasing end.

This was in the end of November but this is one of the many negatives
that is pricing target very low right now:

"Fitch Ratings cut its credit rating for Target Corp (TGT.N: Quote,
Profile, Research), citing the retailer's new $10 billion share
repurchase program."

"Fitch anticipates that Target will fund the majority of the share
repurchase with debt, thereby weakening the company's credit metrics,"
the ratings agency said in a statement.

The new $10 billion share buyback program replaces its prior
authorization, and Target said it represents more than 20 percent of
outstanding shares, based on its recent stock price."

shar...@gmail.com wrote:
> You show me the great numbers on a great stock, and then tell me the
> CFO isn't cooking the books.  Gut feeling, reality.  I would never buy
> a stock on it's numbers.  I used to do corporate bankruptcies for
> Harvard lawyers helping to bail out the investors who believed in
> somebody's great numbers.  I actually mailed out the Charles Keating
> "sorry folks, you lost everything" to their investors.  Numbers can
> lie big time.  That's the best way to lure investors to a stock, just
> cook the books.  I see a really bad company out there, and the numbers
> look too good to be true, hey, people lie.  Human frailty.  I can only
> invest in something I see or I know.  I can give a rat's hat for a
> spreadsheet because the CFO is in there somewhere.  I don't know this
> person, I haven't seen the files, all I'm looking at is a
> spreadsheet.  I'm not looking at the receipts or the invoices.  Hey -
> it goes on all day long.