Evaluate Nordstrom:
- Earnings persistence and earnings quality,
- Market reactions to financial information during the past 2 quarters,
- The credit rating from the major agencies and estimate the links between the disclosures recently and the credit ratings, and
- Alternative and supplemental sources of financial information such as: Management earnings releases, Non-GAAP earnings, and Analyst comments
- Estimate the intrinsic value vs. the market price
=>Recommend a buy, hold, or sell rating. WHY?