$SHLD $BONT PART TWO/ 4 Retail Stocks On The Verg
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Posted On: 05/08/2017 11:43:24 AM
$SHLD $BONT PART TWO/ 4 Retail Stocks On The Verge Of Bankruptcy
By Josh Enomoto, InvestorPlace Contributor
https://dynamicwealthreport.com/4-retail-stoc...ankruptcy/
Retail Stocks Near Bankruptcy: Bon-Ton Stores (BONT)
Through a very crude mechanism, the film “The Wolf of Wall Street” disparaged the Nasdaq as a second-rate exchange. Although it’s a harsh insinuation, it’s also not entirely untrue. Most firms prefer the lofty status of the top-tier NYSE. But regardless of how you feel, I think we can all agree that getting delisted from the Nasdaq is pretty sad. Yet that was nearly the fate of Bon-Ton Stores Inc (NASDAQ:BONT), a department store operator.
In early March, Bon-Ton received notice from the Nasdaq, which threatened to delist BONT stock from its exchange. BONT failed to “maintain a value of at least $15 million for a period of 30 consecutive business days,” according to The Morning Call. Although the ominous notice was later rescinded, the message was clear — shape up or ship out.
Unfortunately, BONT lacks viable options.
Department stores are hurting across the country. Based on luxury stock performance, such as Dillard’s, Inc. (NYSE
DS) and Nordstrom, Inc. (NYSE:JWN), the rich are being frugal too. BONT stock, therefore, is in a tight spot. It doesn’t have the brand power of affluence, nor does it have market reach. Bon-Ton primarily operates in the Northwest and Midwest. In order to be competitive, BONT must expand, but lacks the resources.
Sadly, the writing is on the wall. If well-known, affluent retail stocks are troubled, lesser-capitalized firms like BONT won’t make it.
By Josh Enomoto, InvestorPlace Contributor
https://dynamicwealthreport.com/4-retail-stoc...ankruptcy/
Retail Stocks Near Bankruptcy: Bon-Ton Stores (BONT)
Through a very crude mechanism, the film “The Wolf of Wall Street” disparaged the Nasdaq as a second-rate exchange. Although it’s a harsh insinuation, it’s also not entirely untrue. Most firms prefer the lofty status of the top-tier NYSE. But regardless of how you feel, I think we can all agree that getting delisted from the Nasdaq is pretty sad. Yet that was nearly the fate of Bon-Ton Stores Inc (NASDAQ:BONT), a department store operator.
In early March, Bon-Ton received notice from the Nasdaq, which threatened to delist BONT stock from its exchange. BONT failed to “maintain a value of at least $15 million for a period of 30 consecutive business days,” according to The Morning Call. Although the ominous notice was later rescinded, the message was clear — shape up or ship out.
Unfortunately, BONT lacks viable options.
Department stores are hurting across the country. Based on luxury stock performance, such as Dillard’s, Inc. (NYSE
DS) and Nordstrom, Inc. (NYSE:JWN), the rich are being frugal too. BONT stock, therefore, is in a tight spot. It doesn’t have the brand power of affluence, nor does it have market reach. Bon-Ton primarily operates in the Northwest and Midwest. In order to be competitive, BONT must expand, but lacks the resources. Sadly, the writing is on the wall. If well-known, affluent retail stocks are troubled, lesser-capitalized firms like BONT won’t make it.
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