Jon Quast

When you have a dividend king, such as Target, having an all-time high dividend yield of about 5%, the market is saying, we don't buy this.

We do not believe that this company is going to continue to grow profits and continue to increase that dividend.

The market, a high percentage of investors are doubting

that potential.

I'm going to disagree kindly with Rachel here, because I think that the problem here is, it almost sounds like they are doubling down on what's not working.

When I hear about remodel, when I hear about private label, which they already have private label, it's not like they're launching a new private label.

This is doubling down on what's not working.

When you promote the COO to the CEO,

doubling down on it.

And maybe it works.

Maybe it does work.

Maybe this is the correct direction for the company.

But it does sound like, hey, we're going to keep moving forward in futility here.

So, yeah, I understand why the market doubts it.

Now, I am a broken record, and I'll say it again.

I do believe that the company has a path forward to driving sales growth and improving its profit margins, specifically its digital businesses.

the third-party marketplace that it is curating, its digital advertising.

These are things that are growing at Target, and they do have the potential to help out the financials of the company.

However, they are predicated on the

stabilization of the core retail operations.