It won't .Macys will just keep paying that nice dividend as we wait for the consumer to shift from buying cars and homes to clothes and accessories.Still a large percentage of people want to try their clothes on before a purchase and to see the true colors.IMO
Macy's is not a high growth company which commands a p/e of 25 or more.But with a p/e of 10 and a yield of 4.75 Macy's is not going out of business.Upgrades will come soon because this price at $32 is just STUPID.
That's why M is down afterhours.How this effects macys I'm not sure.4 months ago they were calling for the end of oil and WTI going to $20.Now we are over $50.The same will happen with retail maybe not to that extreme but I would not bet against macys .IMO
When I get apprx 10k annually from Macy's dividend it is a big deal.3775 is an increase from last year.If you don't think M will increase in value this year you are mistaken.
Only one trade at 18.01pm for 434 shares @32.0454.Don't worry be happy and check out Nasdaq.com/after hours.
I like the heavy action on Macy's 34 calls.Should be there this week.
Took a nap today and woke up to find M up over $1.00Wow,Wow only the start as we crepe back to $40.On a negative note there have been some posts here that do not belong.If it gets too much out of hand Yahoo will shut this down like they did with HAL board.
You are a smart investor.To me this market is just a matter of sector rotation.Apple and tech were ugly two weeks ago now look.The market will continue to move sideways thruout this year.Macy's is too cheap and I will wait till retail comes back and in the meantime I will collect the 4.6% div.