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

To: Lazarus who wrote (62437)	9/5/2019 2:07:12 PM
From: E_K_S	Read Replies (1) \| Respond to of 78717

M out w/ news on a savings program for up to $550mln from targeted promotions & better pricing over next 2-3 years. Seems like same old news but maybe this new plan will work. Stock was really sold off down to $14.39/share. Missed pulling the trigger. Macy's to dial back promotions Sep. 5, 2019 1:50 PM ET Macy's ( M +4.6%) plans to cut back on discounting in an effort to improve profitability. Overall, the department store operator hopes to save $400M to $550M annually in the next two to four years. Macy's will still use targeted promotions when appropriate. With today's news srock +4% to $15.52/share. Still think there is a lot of value here. Dividend safe too yielding just over 10%. Still have it on my Buy list but nothing yet. EKS