Yes, the retail sector's numbers have been weak, but there are retail stocks worth picking-up for investors willing to look past the short-term and focus on the long haul.
As Eric Beder, Senior Vice President at Brean, Murray, Carret & Company in New York said during the WBBM Noon Business Hour "Retail is not one of these homogenous markets, its a market that has winners and losers even in the worse of times.
If you are a long-term investor it's a great opportunity because there are a number of retailers that have great management teams, have beaten expectations and they are still trading near their 52-week lows." Makes sense to me...Consumers are not going to stop shopping forever. Yes times are tough but conditions will get better possibly sooner than some skeptics think.
So....I got on the phone and asked the experts. Below is a list of retails stocks WBBM Noon Business Hour guests recommended as strong buys...I even threw in a retail stock that I like.....
David Brady
President
Brady Investment Counsel
Chicago, IL
Charlotte Russe: CHIC, Guess?: GES, Coach: COH
"These three retail companies are well run, customer driven, with strong financials...When the consumer does turn, these stocks will lead the way."
George Whalin
President and CEO of
Retail Management Consultants
Carlsbad, CA
Chico's: CHS
"Great products, very good retail locations, great reputation with their customer base."
Kohl's: KSS
"Value retailer in a tough economy is going to win."
Andy Giersher
Noon Business Hour Producer
WBBM/CBS Radio
Chicago, IL
Dillard Department Stores: DDS
"Positive long-term fundamentals, low P/E, great product mix"
Steve Deutsch - Glenbrook South H.S. Congratulations Steve Deutsch of Glenbrook South High School, you are the Toyota High School Athlete of the Week - AGAIN!
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