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Strategic expansion tie-ups expected to pull back Conn stock price. Read on to know more.
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Conn Stock Price at Current Levels is a Bargain Pick as Electronic Retailer Expansion Sees Incremental Income By Daniyel Carlson July 11, 2022 Image source:LMPark Photos / Shutterstock.com Article Overview Fiscal 2022 Quarter 1 Earnings Opening of New Stores and Strategic Tie-Ups Conn Stock Forecast Conclusion Further Reading
Conns stock is getting cheap in 2022, with stock price declining over 60% over the past year. The specialty appliance, electronics, and furniture retailer faced headwinds in 2022 thanks to the bear market and other factors such as increased logistic expenses and supply chain disruptions. The stimulus money provided by the state to consumers was used on home products allowing the company to enjoy the pent-up demand. Now with the withdrawal of stimulus, the reversions as expected happened.
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