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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (61987)	5/15/2019 9:10:01 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78666

re M - Macy’s. So what’s the play here, beyond just looking cheap based on earnings? A) Monetization of real estate ? I get that M’s real estate is worth quite a bit, but the properties that are worth the most are probably their most profitable stores too. Sale and lease back makes the balance sheet look better, but the income statement worse. B) Muddle through? Do you think department stores make a come back? Or can they become better at e-retailing than big Amazon and others? I think with these kind of situation, you need to look 5 years into the future and envision how “success”. Might look like and the likelihood thereof. To me, the looks like a value trap and investing in this is like rolling millstones uphill.