Research Notes: Value In Specialty Retail, Part I
A look at The Children's Place (PLCE) and the case for specialty retailers.
(Author’s note: This will be the first in a two-part series. Part II will arrive on Friday morning.)
The pre-pandemic bear case for specialty retailers has returned with a vengeance amid a gradually normalizing environment.
With the market punishing nearly all stocks in the space, it’s worth hunting for value.
The Children’s Place (PLCE) offers an intriguing turnaround story. But this is an industry where turnarounds rarely work.