iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
17,003 Blog Posts

Important Question for RetailFags Out There: Do We Buy Macy’s?

I know it’s unpopular to discuss the once important topic of retail in America, since everything is now automated and controlled by Amazon. But what of Macy’s? The stock is now trading at 2008 crisis price to sales levels of 0.25x sales, down roughly 60% over the past two years.

While the decline in revenues have been somewhat of a downer, they’ve been gentile and still produce free cash flow.

Do we buy now, in anticipation of a robust holiday season, given the stocked market and crypto gains? Or do we simply watch and wait for their demise?

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7 comments

  1. acehood

    Buy now.

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  2. fryguy15

    My answer inside Exodus… now buzz off

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  3. alty

    I’ve been shopping at Macy’s a bunch lately. 100k Amex points converted to 150k Plenti points, equaling $1500 in free merch at Macy’s. Churners know what I’m talking about. Not sure this helps M’s bottom line though.

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  4. derp

    Retail is history. 3D printers will be able to make you shit on the spot. Why pay all that overhead when all you need is the brand name. Invest in the 3D printers. When the cars started to roll down Main Street the whip and buggy people sneered. But not for long.

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  5. aj

    good place to buy Macy’s. stock is oversold

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  6. stockslueth

    Not the least bit interested in a stock that is on the decline.

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  7. mushroomz

    Buying Macy’s is like buying Tootsie Roll because Sydney said so

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