Wednesday, February 24, 2016

Undervalued And Major Catalysts Make Macy's A Core Portfolio Position

Macy's easily surpassed reduced Q4 results due to a snapback in sales from cold weather in January.
Even after the recent rally, the stock trades far below the intrinsic value of the real estate assets and a profitable retail operation.
With several catalysts in 2016 and beyond such as the new store concepts and capital returns, the stock is a core position in a value portfolio.
The final Q4 results for Macy's (NYSE:M) indicates that weather truly impacted the apparel business over the holidays. The limited cold weather in the prime Northeast stores prior to the holidays was highly harmful to results.
 Read the full article on Seeing Alpha.

 Disclosure: Long M. Please read the disclaimer page for more details.

No comments: