Stake: $260.6 million
52-Week Returns: -1%
Saks (NYSE:SKS) has ridden the broader market’s gains in 2013, climbing a solid 6%, but it’s still in the red after a 12-month roller coaster that saw several double-digit swings, with some as large as 40%.
While revenue has been steadily gaining since 2010, it still hasn’t returned to pre-crisis levels. The retailer also is expected to post a loss in the upcoming quarter, making for a 40% drop in profits year-over-year, while the current quarter is only expected to bring 5% growth on the earnings front.
Recent fourth-quarter numbers weren’t much prettier either, as earnings slipped 45% on higher costs and the lingering effect of superstorm Sandy, while full-year same-store sales climbed under 1%. Still, the company beat on the top and bottom lines, so the stock gained on the news.