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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (60058)	5/9/2019 11:00:29 AM
From: E_K_S	of 78717

A small add of M (Macy's) to the ROTH account. Good div yielding 6.65% and lots of value in their real estate holdings. GN value at $37.50/share based on 2020 earnings of $3.00/share Also noticed that M is using their NY real estate footprint to build an Office Tower project. Important they work w/ a partner to help spread the risk but a good use of that real estate w/o selling it. Macy's +3% on report of Manhattan office tower Apr. 24, 2019 1:41 PM ET\|About: Macy's, Inc. (M)\|By: Clark Schultz, SA News Editor Macy's ( M +2.7%) gains on reports the company is in talks to build an office tower on the top of its flagship store located at Herald Square in Manhattan. --------------------------------------- EKS

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