Why I Bought Back Macy's Shares (Just Under $33) [Seeking Alpha]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
Check Earnings Report
US:NYSE Investor Relations:
macysinc.com/ir
Company Research
Source: Seeking Alpha
Back in the summer of 2017, I was one of the few Macy's Inc. ( M ) bulls, at least here on Seeking Alpha. As it turns out, that contrarian viewpoint played out nicely. However, in the summer of 2018, I sold all of my Macy's shares at $39.25 apiece, as I felt a lot of the good news was then priced. I remained on the sidelines, patiently waiting to see the company's Q3 2018 results. After reviewing Macy's Q3 2018 earnings results and guidance and closely reading the Q3 2018 conference call , I bought back some shares in my Tactical Value portfolio at just under $33 per share (this is my diversified and more conservative portfolio, and as of December 5th, this portfolio is 590 bps ahead of the S&P 500 in 2018). Quite frankly, I am really surprised that I was able to buy back some shares under $33. Despite really good Q3 numbers and full-year guidance, most likely related to weakness in the overall market, Macy's stock has traded surprisingly weak. Enough about stock price
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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