PM Images Back in May, we outlined a very clear trade for you here on the public Seeking Alpha site for Urban Outfitters, Inc. ( NASDAQ: URBN ). We called for a buy in the $37-$39 range, with a target exit Missed those gains? Come get more Win with our playbook to advance your savings and retirement timeline by embracing a blended trading and investing approach at our one-stop shop. We activated our BLACK FRIDAY deal ahead of other services, so you can lock in our best price in years. Join Seeking Alpha's premier service while spots remain, and take 28% off if you use these links in this ad. Yes, let's get started! Enjoy a money back guarantee if you aren't satisfied (you will be). There's also a light version of BAD BEAT, with great benefits. Get in the game! The Pioneer Of Seeking Alpha's BAD BEAT Investing , Quad 7 Capital is a team of 7 analysts with a wide range of experience sharing investment opportunities for nearly 12 years. 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Benefits of BAD BEAT Investing include: Learning how to understand the pinball nature of markets, executing well-researched written trade ideas each week, use of 4 chat rooms, receive daily complimentary key analyst upgrade/downgrade summaries, learning basic options trading, & extensive trading tools. If you would like to learn more, click the link above! Analyst’s Disclosure: I/we have a beneficial long position in the shares of URBN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.What's New Nordstrom has reached a $6.25 billion buyout deal led by members of the Nordstrom family and Mexican retail giant El Puerto de Liverpool in an effort to take the retail chain private. Why It Matters The move marks a pivotal moment for the century-old department store chain as it grapples with fierce competition in an evolving retail sector. The agreement comes amid a challenging period for traditional department stores, which face mounting pressure from discount chains like Walmart , fast-fashion players and e-commerce companies like Amazon . Rivals such as Macy's and Kohl's have been forced to consider sweeping changes under pressure from investors, while Nordstrom's sales have largely stagnated over the past decade. What To Know Nordstrom has agreed to be acquired and taken private by Nordstrom family members and El Puerto de Liverpool in a $6.25 billion deal. Shareholders of the Seattle-based retailer will receive $24.25 per share in cash, representing a 42 percent premium over the stock's value as of March 18, when reports of the deal first surfaced. The acquisition also includes the assumption of over $2 billion in Nordstrom's debt, signaling a significant financial commitment from the buyers. The Nordstrom family has long sought to regain full control of the business with a previous buyout attempt in 2017 falling through. However, Monday's announcement also tops the previous $23-per-share bid that the Nordstrom family and El Puerto de Liverpool made in September. With this deal, the Nordstrom family and their partners aim to steer the company away from the short-term pressures of public markets and toward a more flexible private ownership model. Nordstrom announced plans last year to shutter its Canadian operations, closing all stores in the country and cutting 2,500 jobs. The company's Canadian expansion originally began in 2012 with much fanfare. Founded in 1901 as a Seattle shoe store, Nordstrom has since grown into a national retailer with 381 Nordstrom and Nordstrom Rack locations across the U.S. Despite recent challenges, the company has opened 23 new stores this year alone. The deal comes after the death of Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest department store chain into an upscale national brand. He died in May of this year at the age of 90. What People Are Saying Neil Saunders, Managing Director of GlobalData, in a note to clients said: "While a change in ownership does not automatically remedy all of the problems with the department store operation, it will allow the family and their backers to take a long-term view of the business and make necessary investments and changes away from the short-term scrutiny of public markets." What Happens Next While the future of Nordstrom under private ownership remains unclear, the transaction is expected to close in the first half of 2025, which will see Nordstrom's shares delisted from public trading. In addition, Erik and Pete Nordstrom, fourth-generation family leaders, will continue at the helm with Erik serving as CEO and Pete as president. This article includes reporting from The Associated Press.None
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