05-18-2022, 11:59 AM
(05-18-2022, 11:35 AM)fenders53 Wrote:(05-18-2022, 11:09 AM)cemanuel Wrote: Instead of TGT I bought WSM at $110. TGT down 25% on soft earnings sure seems like an overreaction but WSM down 15%?
As usual, my "wait for S&P 3500" went out the window. Either of those look like market gifts to me.
I have been tracking WSM for awhile now. I want some shares long-term but I think they are going to get smoked soon to be honest. I have sold some way out of the money puts and almost got sucked in a few times.
If we are in a recession WSM wont do well at all. No one can afford high end stuff
Last recession WSM was a $30 stock
I think when its all said and done all these retailers will be at a 10-12 PE. Back to historic PE levels