Moving the needle on a $300 billion retailer takes time.

This time we called the police to let them know where we'd be in advance.

They sent the police last time we were here.

This is another way that Target is bringing a higher quality, niche product to its customers at reasonable prices.

There is so much bad news priced into the stock ... and sentiment is so poor, that we believe the disappointing near-term results will be discounted in anticipation of improvements from new management.

That and a generous [share] buyback program should sustain earnings-per-share growth of 15% to 20%.