Mar. 20 at 1:56 PM
$KSS Incredible buying opportunity for a profitable company priced at:
1/3 book value (conservatively, assuming
$0 real estate appreciation in the past 20 years, LOL)
~1.2x FCF
~5.5x EPS
$KSS sits on
$6 cash per share, currently making their real price here under
$7/share.
Long term net debt + Market cap is only
$2.5B. Acquisition candidate for any company looking for real estate at crazy discount. Who knows, maybe even
$GME. Lets see a gamestop buildout inside every kohls store right next to sephora and they can drop their lease costs and get out of dying malls.
$KSS national store footprint are in highly desirable locations, With the vast majority either in strip malls or free standing. Building conditions are above average compared to most
$TJX and
$ROST locations.
If
$M continues closing locations,
$KSS will benefit. People still like to shop in person, someone will have to pick up that business.
