Nordstrom is trading nearly $20 a share lower than a $50 a share offer it once rejected as too low

by

KEY POINTS

  • Nordstrom shares are trading nearly $20 a share lower than a $50 a share buyout offer it rejected as too low two years ago.
  • The slide doesn’t mean the company won’t be able to recover.
  • Part of the pressure on its shares is Nordstorm is making the investments it needs to survive, and being punished as a result.
  • https://cnb.cx/2xHyZsj