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Macy's, Inc. Message Board

gmhershey 1 post  |  Last Activity: Apr 22, 2014 6:20 AM Member since: Oct 27, 2011
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    S&P has a $29 target on this stock

    by pumpdy_dumpy12 Apr 21, 2014 7:17 AM
    gmhershey gmhershey Apr 22, 2014 6:20 AM Flag

    Warren Buffett wouldn't touch this stock with a ten foot pole. It is a good trading stock though!!!

    I bought this stock in the 26's, 27,s, and $28 range. Looked good than and looks toppy now,(there might be another point in it). Earnings will probably be good because of the weather, but that is already factored in. The short interest is about 5 days trading but there are 855million shares outstanding. Shorts aren't going to hold the price up if the earnings are on target or bad. The dividend yield is declining and there is NO way they will increase it after just one quarter of good earnings,IF they hit it out of the park this quarter.

    Bottom line, not much upside that hasn't been factored into the stock and too much downside. I shorted yesterday at $36.25!

M
58.11-0.69(-1.17%)Jul 11 4:01 PMEDT

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