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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (61997)5/16/2019 9:03:58 AM
From: E_K_S  Read Replies (1) of 78659
 
Management is trying several things but this project on their Manhattan property is an excellent start. M also owns the real estate in many of the Malls where they are the anchor store. I suspect they can monitize that too.

Macy's +3% on report of Manhattan office tower
Apr. 24, 2019 1:41 PM ET|

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.

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Their on-line sales had really good growth and that was a surprise to me. So my plan is that 40% undervalued and 8% div is a low risk hold. Will start to peel off some shares around $30/share.

EKS
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