My 52 week low list has been chock full of bricks & mortar retail companies in recent weeks. Perhaps this is symptomatic of "Amazon chase" into year end? Anyone who gets a bonus based on outperforming their benchmark and who has underperformed going into the final quarter simply piles into Amazon at lifetime highs because they have been underweight Amazon, and, well, Amazon just doesn't go down, and it sure beats the snot out of traditional bricks and mortar retail.
Well, a funny thing seems to have happened along the way, while Amazon screams higher: bricks and mortar retail gets sold.
Two interesting companies cropped up amongst the daily 52 week low debris:
- Hibbett Sports
- The Children's Place Inc
I bought 35 shares of Hibbett Sports yesterday at $33.50, and 25 shares of The Children's Place Inc. today at $51.94.
Will expand on this post in the next couple of days...