- After losing money in 2020, department store chain Dillard's has been churning out extraordinary profits over the past year.
- Dillard's stock has run up from the $20s in mid-2020 to around $250.
- Short-term factors like stimulus payments and widespread inventory shortages allowed Dillard's to dramatically cut back on discounts last year.
- As economic conditions normalize over the next couple of years, Dillard's earnings will retreat rapidly.
- Avoid Dillard's stock despite its single-digit P/E ratio.
For further details see:
Dillard's Stock Looks Like A Value Trap