Investment Theory And Analysis
Investment Theory and Analysis
Nordstrom.
John W. Nordstrom was only 16 years old when he boy left Sweden, his home country, to come to New York City In 1887. He arrived in New York with just $5 left in his pocket, and was not even able to speak English at the time. For some years, he worked in logging camps and mines across the United States, but later went north to Alaska, after learning that gold had been found there. After working in the north for about two years, he was able to return to Seattle and invest in a shoe store in 1901. From the beginning, Nordstrom's business philosophy has been based on quality, value, exceptional service, and selection. The company has built a devoted customer base, and
has more than 180 stores across 27 states in America. Nordstrom now has a stock market value of more than $12 billion.
Company analysis.
There was a boost in Nordstrom's market value in November, due to a 4.5% increase of in the company's share value, to $49.62. This increase was something that exceeded investor expectations in various financial departments, and analysts have quickly revised their earnings forecasts, with many raising their price targets for Nordstrom stock. In the first quarter of 1999, Nordstrom repurchased a total of 1.4 million shares valued at approximately $50 million, and the company still has a remaining share repurchase authorization of $270 million.
Also, Nordstrom Bank is a wholly owned subsidiary of Nordstrom, Inc, which issues Nordstrom cards.
Advantages of choosing Nordstrom stock.
Nordstrom is a Company that has acquired mastery of new software technology, and this will lead to continuous improvement in the company's inventory efficiency throughout the holiday shopping season, extending into next year. As Robert Buchanan, an analyst at A.G. Edwards & Sons said after Nordstrom released its earnings, " Nordstrom looks good...
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