Limited Brands (LTD) NewsBite - Limited Brands Falls on Disappointing Outlook

Posted on Thursday, September 04, 2008 1:16 PM

Limited Brands (NYSE: LTD) opened at $21.61. So far today, the stock has hit a low of $20.86 and a high of $21.81. LTD is now trading at $20.95, down $1.11 (-5.03%). The stock hit its 52-Week high of $24.24 in September and set its 52-Week low of $14.41 in March. Limited Brands announced today its August same-store sales slipped 7%. Analysts predicted a same-store sales decline of 6.9 percent. Limited Brands also warned it expects same-store sales to fall in September. Technical indicators for the stock are neutral and S&P gives LTD a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LTD the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]