At $16, JWN seems cheap. It rarely goes below $15 and quite often will move above $20 and at times it makes big moves to $30. It’s only a few years ago that it was $40+.
I think bankruptcy is out of the question at this point. They survived the hard times of Covid and its aftermath. They’ve recently shut all stores in Canada and now are focusing on profitability in US stores. They recently added a Nike exec to the board.
Once rates and inflation settle, I see good days ahead for this stock. What do y’all think?
[link] [comments] https://www.reddit.com/r/stocks/comments/12xhenj/thoughts_on_jwn/
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