worst case scenario

asked 2018-06-14 00:58:53 -0600

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updated 2018-06-14 00:58:53 -0600

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Is it time to start picking up the scraps here? Not quite yet. Investors should let LB fully anniversary Victoria's Secret's major merch exits before considering a position. The stock is still richly valued considering the levered balance sheet, comparable sales numbers are still scary bad, and margin compression has yet to show any signs of reversing..

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