Kohl's Is Right ... The Activist Investors Are Wrong
The stated facts aren't wrong, to be fair. Shares of department store chain Kohl's (NYSE: KSS) have mostly underperformed their rivals' stocks of late. And the strangely low earnings multiple suggests investors aren't stoked about its apparent future.
On the flip side, simply selling real estate or spinning off a seemingly successful e-commerce business is a short-term, short-sighted means of "unlocking value." That's why Kohl's isn't on board with either idea, according to Tuesday's official response to recent criticisms of the retailer.
Image source: Kohl's.
Source Fool.com