At some point, $TGT will be a buy. Target is going through the stolen data stuff now, but it seems to me that an investor panic in a stock can create a tremendous value in shares of a popular retailer.
Remember the Toyota brakes issue and the sell off in $TOY? Ya, great buying opportunity.
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Target breach worse than thought; states launch joint probe
Dhanya Skariachan and Jim Finkle
Reuters - Reuters - Friday, January 10, 2014
The data breach at Target Corp over the holiday shopping season was far bigger than initially thought, the U.S. company said on Friday, as state prosecutors announced a nationwide probe into the second-biggest retail cyber attack on record. Target said an investigation found that hackers stole the personal information of at least 70 million customers, including names, mailing addresses, telephone numbers and email addresses. Previously, the No. 3 U.S. retailer said the hackers stole data from 40 million credit and debit cards.
If you have Windows 8, open this in News.
Sent from Surface Pro