Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, December 2, 2011

Article Excerpt

LIMITED BRANDS INC., $42.61, New York symbol LTD, rose 11% this week, mainly because the company will pay a special dividend of $2.00 a share on December 23, 2011. That’s in addition to its regular quarterly dividend of $0.20 a share, for a 1.9% annualized yield. Limited Brands owns the Victoria’s Secret lingerie chain and the Bath & Body Works personal-care products stores. It also owns the La Senza lingerie chain in Canada. The company also reported that its sales fell 2.3% in November 2011, to $872.6 million from $893.0 million in November 2010. However, that’s mainly because the company recently sold 51% of a business that buys apparel from various manufacturers. On a same-store basis, sales rose 7% during the month. Limited Brands is a buy. Limited Brands was recently covered in the November 2011 issue of Wall Street Stock Forecaster. Click here to access it. Limited Brands was recently covered in the Wall Street Stock Forecaster Hotline for May 6, 2011. Click here…