Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spekulatius who wrote (62897)	11/21/2019 8:32:01 AM
From: E_K_S	Read Replies (1) \| Respond to of 78666

RE: Macy's Company still covers their dividend of $1.51/share. Macy's sees FY20 sales growth of -2.5% to -2.0% vs prior guidance for around flat growth and -0.5% consensus. FY20 EPS of $2.57 to $2.77 is anticipated vs. a prior view for $2.85 to $3.05 and $2.80 consensus. Agree that online site and data breach will need more work. CEO update: "Our third quarter sales were impacted by the late arrival of cold weather, continued soft international tourism and weaker than anticipated performance in lower tier malls. We also experienced a temporary impact on our e-commerce business due in part to work on the site in preparation for the fourth quarter." Remember that real estate is carried on the books at COST not Market so stated value in BV is understated. Company did close their Portland store. I still see value and will be picking up shares today after the open. Even w/ the 2020 lower estimates of $2.67/share and BV of $20/share, GN fair value is $35.00/share. Seems like the selling is/has been over done. EKS