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Strategies & Market Trends : Value Investing
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To: Lazarus who wrote (59969)11/7/2017 11:58:12 AM
From: E_K_S  Read Replies (2) of 78470
 
Macy's, Inc. (M) - another small add of Macy's (M) @ $17.83/share

Here is the link of a new GN calculator that shows M fairly valued at $25.29/share. Notice how the GN is falling as the EPS & BV data is updated in the database.

On these value stocks (or value traps) to find some bottom, I look at OBV (On Balance Volume). This is a leading trend indicator and is a measure of selling (if negative) or buying (when positive & rising). Value is different to every investor so OBV when very negative ( M is -210mln shares) showing lots of accumulated selling. Usually you get a negative OBV when everybody had sold (thrown in the towel) and then as OBV goes positive, the stock may/could have bottomed and s/d rise to the GN valuation.

My small Buy today increased position by 50%. My next Buy will be 5% lower at/near $16.85/share. Stock during the 2008-2009 crash traded as low as $7.00/share. There is some support at $12/share-$13/share but it is an earnings story now and how revenues can be stabilized w/ ne store format(s).

I am close to my full starter position of a 1% portfolio position and one more Buy will get me to that level.

FWIW, revenues per sqft has gone up close to $200 sqft. This was due to some store real estate sales so there was less square feet. They can only do that so long so it's more of stbilizing sales, then growing them w/ new store format.

EKS
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