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Berkshire Hathaway Inc. Message Board

mdn0403 2 posts  |  Last Activity: Nov 23, 2015 10:56 AM Member since: Jan 3, 2013
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  • Reply to

    Macy's represents good value at these levels

    by mdn0403 Nov 18, 2015 1:37 PM
    mdn0403 mdn0403 Nov 23, 2015 10:56 AM Flag

    You seem to think that a stock selloff necessitates bankruptcy. Macy's doesn't deserve to be a $70 stock today. And guess what. It justifiably fell. But it fell too much because, as usually happens during selloffs, people (not unlike you) overreacted; Macy's doesn't deserve to be this low. But I'm not complaining; I'm buying.

    If you want to short Macy's when it is ostensibly at rock bottom, please go ahead. Otherwise, figure out something else to do other than uselessly echoing already-baked-in bad news.

    Sentiment: Strong Buy

  • Bricks and mortar retail may be slowing a bit, which is why Macy's (and other retailers) rightfully declined from the previous lofty levels. But I think the declines were overdone, partly due to unjustified fear. In my opinion, M represents good value now around $39.

    "Be greedy when others are fearful." - Warren Buffett

    Sentiment: Buy

134.09-0.54(-0.40%)Nov 30 4:07 PMEST