Tuesday, March 31, 2020

Buying Macy's (M) @$4.99

Macy's is struggling together with most department stores. Efforts to go online have been slow.
Few tourists to New York city are also hurting the business.
Macy's real estate is valued at $18B and yet the market cap has shrunk 92% to under $2B.
As much as this is a real estate play, it's also an acknowledgement that this is still a powerful brand. The company is well funded and should be able to come out the other side of this pandemic.

By
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
  • My Portfolio - Updated: September 15, 2021
    Portfolio Performance :   Symbol Price Paid  Last Price $ Total Gain % % of Portfolio Date Acquired TLRY 4.55 11.875 161.23 2.21 02/26/2020...
  • MPW Dividend looking strong. Stock up 6%
     Medical Properties Trust revealed that a bankruptcy court approved Pipeline Health's assumption of the master lease. As a result of the...
  • Buying Macy's (M) @$4.99
    Macy's is struggling together with most department stores. Efforts to go online have been slow. Few tourists to New York city are also h...