I added more to my position in L Brands Inc (LB) today at $41.65/share taking advantage of the continued price drop due to today’s report of the decreasing sales in July compared to last year which was mostly expected due again to the discontinued swimwear and apparel business and other transitional reasons. The company stated that it […]
I initiated a new position today in L Brands Inc (LB) at $46.93. The share price dropped over 14% today due to a 9% drop in June sales compared to last year. However, this should have been expected as the company discontinued swimwear and apparel product lines which decreased sales by 7% and 10% respectively. […]