Buyout Prospects Aside, Here's Why Kohl's Deserves Your Attention
Even before the onset of the COVID-19 pandemic accelerated consumers' shift away from bricks-and-mortar stores and toward a greater use of e-commerce, Kohl's (NYSE: KSS) was already a major disappointment to long-term shareholders. The stock has bounced up and down at times, but for the better part of the past two decades, it has gone essentially nowhere.
Perhaps patience will reward Kohl's investors, much as it did for Target's shareholders, who saw modest returns for more than a decade until the stock broke out in recent years on the heels of strong financial results.
Indeed, Kohl's jailbreak might already be underway: The stock recently jumped 36% in a single day. That sharp price move wasn't driven by Kohl's improving financial profile, though, but by takeover talk. However, the possibility of an acquisition shouldn't distract investors from less speculative reasons to buy shares of this surprisingly solid retailer.
Source Fool.com
