Macy's is hurting here in vegas, layoffs are looming, all of the construction cranes on the strip are gone, all projects were cancelled, the convention business is very slow, the cranes used to be known as the the national bird of vegas( a joke), not anymore, all of the workers who had been working on the casino constrution projects are now unemployed, as a economic indicator I would say that this indicates that the economy is still in trouble despite the cheery outlook of many analysts of the media
I go to Bloomingdale's often and shop there. But recently the service is getting so disappointing that my shopping experiences often end in aggravations. I will be avoiding the store and shop elsewhere.
macy's over charges for their products and the consumer says who needs it. their are so many more places to shop to get value and MACY's does not get the picture yet.
Their sales are bogus because they have too many limited restrictions to use their coupons which is slight of hand trick to get you in.
Better sell teh stock before single digits are here
corrupt analysts/insiders and a rigged market leads to a huge mess in the market, it is very ibvious that the market ia rigged and the only ones who are benefitting are the closley connected insiders....
It does not matter, Tim Geithner and his cronies are going to drive this up to $100 using your newly printed taxpayer dollars uncle ben runs the presses at kinkos and Timmy Geithner drives up consumer retail stocks so that it appears to foreigners that the us market is in a great recovery, all more smoke and mirrors from the new admin
I agree, I was just in vegas this week, all of the conference rooms in the hotel were EMPTY, this week is usually the busiest week of the year for business conferences also no cranes and an abandoned casino building down the strip from the venitian, what would the market be at if it was not artifically inflated by the government?? any guesses???
how can they be hurting since they upgraded it due to better performance. DO you think they are trying to yoe the x-mas season, i think so,, i am shorting now at 20.73 looking for the 3 point drop, the upside is limited
I went to the Macy's out here in Vegas over the weekend, there were only about 10 people in the entire store, if sales are so good how come noone is in their stores??? the consumer is cutting back and M is not where they shop for goods they actually need.... thier debt payment is due soon, how do they plan on paying that???
same as here in NYC , CNBC episode on commercial real estate , very good insight. Worlwide Plaza 50 % occ. , in manhattan ?!? madison ave w/ unfilled store fronts ; been here 26 yrs and have never seen this....
Glad to see that someone else can see through the smoke and mirror tactics of tim geithner and his crew, anyone who has to call emanuel 110 times clearly has no clue as to what he is doing, he is clearly going do drive us into a massive inflationary disaster due to his propping up of the market by prining more money and theowing it at stocks that should be filing BK....
Import prices are rising rapidly which means there will be no profits when they replenish inventories and the consumers are not going pay full price, transaltion = a loss for the next quarter
Yes sir, artificial stimulus only lasts so long, all of the conference room booking in vegas are down over 60% over last year, how can this be good??? it is no secret that the gov't has been artifically driving up the price of this stock..... the fundamentals do not justify the price of this stock as well as many other consumer stocks, watch out below!!!