Warren Buffett Bought Only One Stock in This Sector-And It's Exploding [Forbes]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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macysinc.com/ir
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Source: Forbes
Warren Buffett Bought Only One Stock in This Sector-And It's Exploding Getty Amazon sells stuff online for cheap. Usually cheaper than what you’ll pay in a store. This has given the company a critical edge over brick-and-mortar retailers. Since it was founded 24 years ago, Amazon has contributed to putting Bon-Ton, Borders, Circuit City, RadioShack and hundreds of store chains out of business. Many other retailers are barely clinging to life. Macy’s (M), JCPenney (JCP), and GameStop (GME) still have a pulse, but they’re fading fast. Since 2014, their stocks have plunged 53%, 77%, and 68%. Store closings in the US hit an all-time high last year, according to leading research firm Nielsen. As such, many investors assume there are only two types of retailers: But what I’m about to say will surprise you. This Stock Profits from Amazon-Proof Businesses There’s a third type of retailer that Amazon can never disrupt. It’s what I call an undisruptable business. And one innovative company
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M
News
- Macy's: Still Looking For A Bigger Bid [Seeking Alpha]Seeking Alpha
- Macy's, Inc. (NYSE: M) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Macy's slashes job pledge, ups investment for $640M Rowan County distribution center [Yahoo! Finance]Yahoo! Finance
- Romance scammers turn victims into "money mules," creating a legal minefield for investigators [CBS News]CBS News
- I was happy in the UK and dead against moving to New York. When my partner was made redundant, it felt like our only option. [Business Insider]Business Insider
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website