We had high expectations for Ralph Lauren and several other retailers such as Macy’s (M) earlier this year as the economy continued to improve, slowly, and the beginning stages of wage increases were on the horizon. It appears this may have been a bit too early. We are a holder of existing purchases because the named retailers are in a position to benefit from continued increases and dividends should be obtainable if managed well. In the meantime, we will delay our consideration to BUY until the stock shows some strength to the upside.
Ralph Lauren (RL) Gets Placed Back on SELL WATCH List
About the Author: Guest Contributor
Articles attributed to “Guest Contributor” are written by former employees or invited guests. Contents are for your consideration only The opinions expressed herein are those of the authors and do not necessarily represent the views of Charter Trust Company.
Nothing contained in this communication should be construed as investment advice.