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?
Buy now.
My answer inside Exodus… now buzz off
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.
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.
good place to buy Macy’s. stock is oversold
Not the least bit interested in a stock that is on the decline.
Buying Macy’s is like buying Tootsie Roll because Sydney said so