
By: Michael E. Martinez
Low
quality retail chains always strive no matter what kind of market we're
in. Target is a good example of that type of company. With this strange
stock market we're in, its kind of hard to make good money nor find
stable companies. This time I'm highlighting a strong company that
should make you money no matter what kind of market we're in.
Target
is a longer term play, it is the closest thing out there to its
competitor, Wal*Mart. Believe it or not, since many people hate
Wal*Mart, they will be "rooting" for the next competitor, Target, so
they will support them in anyway possible, studies show this will be
done by stock. Even if this didn't happen, Target's financials and same
store sales have been strong sequentially from quarter to quarter for
awhile now and will continue to be strong.
Target's first
store opened in Roseville, Minnesota, in 1962. Its on-trend merchandise
at affordable prices launched a new era in discount retailing. This
"T-1" store was easy to shop, attractive and always clean. It served as
the prototype for every Target store opened since then, and it changed
how consumers think about discount shopping.
Today, Target
operates more than 1,300 stores in 47 states, including over 140 Super
Target stores that add an upscale grocery shopping experience. In
addition to the photo processing, pharmacy and Food Avenue restaurants
found in almost every Target, Super Target includes an in-store bakery,
deli, meat and produce sections. I think this stock should go higher
long term.
Posted at Saturday, March 11, 2006 by MartinezMic