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New York & Company, Inc. (NWY) [hlAlert]

Rating:
Sell NWY
down 71.44 %

New York & Company, Inc. (NWY) downgraded to Sell by Argus

Posted on: Wednesday,  Jun 17, 2009  8:25 AM ET by Argus

Argus rated Sell New York & Company, Inc. (NYSE: NWY) on 06/17/2009. Previously Argus rated Buy New York & Company, Inc. (NYSE: NWY)
on 08/28/2008., when the stock price was $11.38. Since then, New York & Company, Inc. has lost 71.44% as of 06/17/2009's recent price of $3.25.
If you would have followed the previous Argus's recommendation on NWY, you would have lost 71.44% of your investment in 293 days.

New York & Company, Inc. is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel. The Company's proprietary branded New York & Company merchandise is sold exclusively through its national network of retail stores.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/17/2009 8:25 AM Sell
None
3.25
as of 12/31/2009
1 Week down  -34.35 %
1 Month down  -39.68 %
3 Months down  -3.12 %
1 YTD down  -22.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/28/2008 9:25 AM Buy
None
11.38 13.00

(*) Stock Price at the time of the recommendation.
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