the price will go up to 28 pretty soon. buy it now. or regret for missing last chance
If anyone want to know why herlald square store worth atleast $4B (Single Store but most valuable asset this company hold) You can to look into Average selling price for condos in whole Manhattan. in Q2 2016 it was $1759/sqft. Real estate market gone up since still. Now given location, this can easily get much higher price, at $4B valuation, it's just $1900/sqft. I think that's too low given location...
If market not so much down, we would back above $24. Market is very risky and this might be safe stock to ride it out. There is lot of up side specially with Real estate it hold.
Charts do not lie; very positive: MACD, RSI, also the 50 MA will be hit sooner than later. GLTA.
Macy needs to create excitement for the stores. I just got back from Macy store. There are more employee than customers in the store. The store is very quiet. They need to create a way to bring customers into the stores.
Looks like we have found some stabilization. Hold, forget about it, collect that 6.5%, and check back in two years on your $45 stock.
Macy,jcp,gander mountain,sears,Kmart,dilliars. Will soon go out of business
Macy's is disorganized beyond repair thanks to the forner CEO ( glorified used car time share salesman) How can you fix something when you don't understand value?
Macy's is a global brand. haven't seen these levels since 2011. bet a year from now, many would have wished they bought these rough times. Don't see it down here too much longer
My wife and I were at the South center Mall south of Seattle Friday. 3 in the afternoon Macys had just a few customers, 2 in women's shoes, practically nobody on the second floor. Staff outnumbered shoppers. Whole mall very quiet.
Worst for Macys was women's apparel. weird stuff target type quality. .They need to hire new buyers.
An Amazon example. on the way out of the mall we stop at sunglass.shop..my wife liks the new Prada glassed - $420 + tax. She tries them and wants them but they have only 1 pair and my.wife spots a small flaw in the frame.
We head home and check Amazon on the phone. Amazon price $285 no 10% tax.. we order and they will be here next week.
Bottom line Sunglass Hut made the sale for Amazon. people shop and then buy online. if the malls disappear, how will people comparison shop? Sunglass Hut sold those Prada glasses for Amazon.
Great shopping day at Bloomingdale's yesterday. Hard to beat having Armani, Hugo, and Brooks Brothers to choose from all under one roof. Then to cap it off, I saved almost 40% by opening up of a Bloomindale's credit card! The new kiosk shopping experience made it very easy.
Can anyone explain this? Sears and JCP likely going bankrupt, Macy's still making plenty of money....and it keeps sinking while JCP and SHLD bounce. Unreal
buy out soon
Amzn in one day is up 1 percent which adds 5 billion in value, while Macy's is sitting at a total valuation of under 7 billion. Look at AMZN's earnings vs Macy's. It is unfortunate that Macy's management has no vision to really take the company to the 21st century. Macy's has the physical assets to create a new shopping experience which can rival or beat any other retailer and actually make money.
I go to my local mall after work and see a decent amount of people. The mall culture is not dead people. I see people of all ages just wandering around like myself. Macy's just needs to reinvent itself. Make shopping an experience you can't get in front of a computer!
Macy's SF men store sell for $1000/SQ. Now Starboard put 2,172,000 sqft Herald Square which is way way better prime location at $1830. I think it underestimated and should be atleast $2000 = $4.4B worth.
Single Store sale, They can distribute $15+ cash to Investor. There are enough risk taker willing to pay $4.4B easily for such location.
Macy's made a huge mistake with their Macy's card customers. In early 2016 they started charging $2 each month on accounts with zero balance. Then added a late charge on the unpaid $2, so if you ignored your account (because you believed balance was zero) you were caught off guard in store at register that you couldn't use your Macy's card unless you paid your "balance". #$%$?? Then to add insult to injury Macy's downgraded credit limit on many caught off guard & charged late fees on the $2 ghost fees. It was a royal screw job to many loyal customers, and no apologies from Macy's. SO IT'S NOT SURPRISING THAT SALES HAVE FALLEN. Customers never like being played, or nickel & dimed by the big brains in finance.
M will be trading in mid $30's by Christmas, if not before.
Just to let you know. M guided FY2017 Revenues to 24.67B - 24.96B with an average guide of 24.81B which is a little above the estimates of 24.8B. I bought under 26 this morning. Just 2000 shares. It is overdone here. IMO!