Nordstrom, Inc.'s EPS Is a Lot Better Than It Looks

Considering all the carnage sweeping through the retail sector this year, Nordstrom (NYSE: JWN) investors were delighted to learn two months ago that the founding family was interested in taking the company private. Since the announcement, Nordstrom shares have traded primarily based on investors' confidence that a go-private deal will happen.

Indeed, Nordstrom shares rallied from around $40 in early June to a high near $49 in early August. However, the stock has given up half of those gains in the past few weeks, after various sources reported that the buyout talks were "informal" and bankers suggested that the Nordstrom family was running out of time to get a deal done in 2017.

Source: Fool.com