Transaction log

  • Feb 18, 2020 - Bought 35 @ $43.83 (1.53% wtg, opportunistic)

  • Mar 13, 2020 - Bought 30 @ $22.33 (65 shares, 1.80% wtg)

  • Aug 18, 2020 - Bought 35 @ $19.86 (100 shares, 1.51% wtg)

  • Jan 27, 2021 - Sold 20 @ $47.11 (80 shares, 2.54% wtg)

  • May 11, 2021 - Sold 30 @ $57.46 (50 shares, 1.95% wtg)

  • Mar 30, 2022 - Bought 20 @ $29.35 (70 shares, 1.39% wtg)

  • Jul 1, 2024 - Sold 30 @ $22.35 (40 shares, 0.52% wtg)

  • Apr 8, 2025 - Sold 40 @ $6.66 (closed, 0% wtg)

Performance

  • Total return = -62.62%

  • Coffee Can contribution = -1.22%

Kohl’s

Location: Menomonee Falls, Wisconsin

 

Profile

Industry: Department stores

Sector: Consumer discretionary

Theme: Retailers survive Amazon.com threat

5-Year shareholder growth: -15.9%/year

Fair value estimate: $17

Valuation assumption: 0.5 x tangible book value

History
“I don’t like the feel of this”
“I don’t like the feel of this”

Donald Trump’s trade war black swan lurks. Probably not a bad time to stress-test the portfolio and get a bit more defensive. [trades]

Is Kohl’s going the way of the dodo bird?
Is Kohl’s going the way of the dodo bird?

Kohl’s trades like it’s going out of business. Are there better turnaround opportunities among retailers?

Raising cash
Raising cash

Latest craze: options that expire in one day. Time to raise cash. [trades]

Kohl’s on the mend after improved profitability in 2023
Kohl’s on the mend after improved profitability in 2023

While Kohl’s stock has been left for dead, the company is alive and kicking.

Big Lots: Love it or list it?
Big Lots: Love it or list it?

If BIG can get through this rough patch (no guarantee; the stock is not without risk), they could eventually earn $8.00 assuming operating margins return to 6%.  The downside is zero; the upside is easily 5-10x. [trade]

Will the gap between gold and gold stocks close? Initiating Alamos Gold purchase
Will the gap between gold and gold stocks close? Initiating Alamos Gold purchase

While gold has held up ok, gold stocks have been dragged down with other risk assets. Buying Fred Hickey favorite Alamos Gold, adding to Kohl’s… [trades]

Is Kohl’s in play?
Is Kohl’s in play?

Takeover vultures have been circling Kohl's for months.

Trimming EQT and Kohl’s, adding to portfolio insurance
Trimming EQT and Kohl’s, adding to portfolio insurance

The most speculative stocks peaked in mid-February.  Even though the broad averages rallied to new highs, the underlying deterioration has worsened. [trades]

Trimming retailers on GameStop madness
Trimming retailers on GameStop madness

Speculation is off the charts, surpassing the 2000 dot-com bubble. On what planet is GameStop, a company heading towards banktuptcy, worth $21.7 billion? This will not end well. We're taking profits in some of our retailers which have rallied in sympathy. [trades]

Adding to Kohl’s position
Adding to Kohl’s position

Stock -16% on Q2 earnings miss. I continue to like Kohl’s as a survivor in the depressed department store space… [trade]

Insiders are buying beaten down stocks
Insiders are buying beaten down stocks

Corporate executives and directors went on a buying spree the past three months in down-and-out stocks.

Coffee Can rule #7: Avoid the crowd at all costs
Coffee Can rule #7: Avoid the crowd at all costs

The herd is panicked… Are there opportunities for investors amid all the fear? [trades]

Adding two department store chains to the portfolio
Adding two department store chains to the portfolio

Neither company is setting the world on fire, though they’re holding their own in a tough retail environment… What these companies lack in growth, however, they make up for in cash generation.