At their peak in March...they were near $85 a share. If you review the past five years....they were continually ontrack to go upwards (2011, near $50). So it was a wise investment at one point and they typically paid a 3-percent dividend per year.
Today? They sit near $67.
The big owners....usually retirement funds...will hope that this is just temporary and things will be forgotten. If we get to the spring of 2017 and it’s still in the $67 range...this CEO will be let go, and likely paid some significant retirement package to just walk away.
If Target resolves this in the near future, I don’t plan on going back. I really don’t need them.
I am surprised Target is not headed for a KMart style crater.