Retailers Facing Long Road to Recovery
Source: http://Blog.QualityStocks.net/?p=12477Posted on Friday, September 19th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -
Despite a massive surge in stock prices due to the government plan to bolster a floundering economy, Friday saw the value of many retail stocks fall. Randal Konik, an analyst with Jefferies & Co. warned of a turbulent recovery period ahead for apparel retailers. According to Mr. Konik, investors should “expect significant stock volatility through year-end with a downward bias, while meaningful sector improvement is likely more than 12 months away.”
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Tags for this Post:
Facing Long Road, Jefferies & Co., Randal Konik, Retail Stocks, Small & Micro Cap
Facing Long Road, Jefferies & Co., Randal Konik, Retail Stocks, Small & Micro Cap
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