Hammered by the market.
https://www.barrons.com/articles/macys-stock-plunged-after-the-department-store-chain-reported-a-huge-earnings-miss-51565790916
https://www.fool.com/investing/2019/08/26/macys-stock-could-triple-over-the-next-few-years.aspx
https://content-az.equisolve.net/_036737fe772bd81ce2af3dfcdcbbe121/macysinc/db/490/5730/file/Q3+2019+Balance+Sheets.pdf
https://www.macysinc.com/investors/financial-information/financial-results
Debt and coverage ratio still in tact, no signs of liquidity crunch. Company still making money with low valuation. P/E less than 8x which is attractive. Various initiatives in place for future growth.
Actively paring down debt also. Future has higher chance of being brighter than gloomier. Buy a stake at current weakness.
Showing posts with label M. Show all posts
Showing posts with label M. Show all posts
Tuesday, November 26, 2019
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