CHS - Here's Why I Just Bought This Super-Cheap Turnaround Stock
At this point, the "death of retail" is a well-hewn storyline in the market. Down about 75% over the past decade, Chico's FAS (NYSE: CHS) looks like it's unfortunately another name in this all-too-familiar story. But look a bit closer, and Chico's has a lot of potential as an exciting turnaround play. Here's why.
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Chico's is an omnichannel retailer of women's apparel and accessories. It operates through three brands: its namesake Chico's brand, White House Black Market, and Soma. The company has 1,261 total locations: 613 Chico's stores, 382 White House Black Markets, and 266 Somas.
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Here's Why I Just Bought This Super-Cheap Turnaround Stock