Punk Retail Sales
Same store sales numbers released today were disappointing. Comps will only be getting tougher for the remainder of the year. Is now a good time to ask why so many consumer discretionary names are trading at well over twenty time forward numbers? It now looks like the move in retail was just a massive short squeeze and not the return of the US consumer.
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1 comment:
Say it isn't so! How could this be? :-]
Might be a good short after a bounce, eh?
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