Seeing Opportunity In The Disaster At Macy's
- Macy's trades at multi-year lows following weak holiday guidance and other strategic decisions that disappointed investors.
- The stock offers surging yields with a huge stock buyback plan.
- The highly profitable department store offers a compelling investment after the recent disaster.
It is rare for a stock with a market cap in excess of $15 billion to lose 14% in one day. Macy's (NYSE:M) managed to accomplish that on Monday, following a huge guide down for the seasonally important Q4. The department store operator provided two key data points that disappointed investors and traders alike.
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