5 Dead-End Retail Stocks to Short
Michael Shulman, August 19, 2009
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Retail Stock to Short #4: Saks (SKS)
Saks (SKS) is a retailer that would be past its prime even without a recession --empty stores, merchandise that is too expensive, and too narrow a focus on the baby boomer and older crowd. Talk of a takeover buoyed the stock, which tripled since the March bottom, but SKS is on its way back down.
Buy puts options on SKS.
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