This 7.6% Dividend Yield Company Is Under Siege And Might Not Survive

Do you know the only thing that gives me pleasure? It's to see my dividends coming in. John D. Rockefeller
The retail industry in the United States is currently facing serious challenges. A number of retailers such as Macy's (NYSE: M), Kohl's (NYSE: KRR), and Sears Holdings (Nasdaq: SHLD) have experienced declining sales. Just yesterday, Target (NYSE: WMT) slashed its profit guidance. These companies have now been forced to close stores, fire employees, and borrow heavily. Amazon (Nasdaq: AMZN) is the leading threat facing traditional retailers. This is especially because of the company's same-day delivery through the Amazon prime program.
The traditional retailers have now been forced to spend heavily on digital programs. Just recently, Walmart (NYSE: WMT) paid a hefty price of $3 billion for jet.com. Other retailers have created their online platforms with the aim of competing with Amazon. While the online revenues in retailers like Macy's and Walmart are improving, they make a tiny percentage of their total revenue.
This brings me to my today's target.
Stein Mart (Nasdaq: SMRT) (or the company) is a retail merchandise chain headquartered in Jacksonville, Florida. It was started in 1908. The company differentiates itself from the market by providing unique and the most popular products which you can't find in the ordinary stores. After hunting the unique merchandise, the company offers them at a low price. It specializes in clothing, bed... Read more

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