Triple bottom on Macy dating back to 1992 =o !!!! $M
Diupdate
What is Macys?
Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores
The bull case?
-The company has good profit margins for a retail.
-The company has good debt to capital because they sold a lot of real-estate a few years ago.
- Could get a dead cat bounce (lol)
- I've noticed that Yacktman Hedge fund started acquiring over 20% of macy shares.( this is one of those long term investment companies, kinda like Berkshire and warren buffet style, they look for value)
-Lastly they got a good online store and ladies love to shop! shopaholics gonna be shopaholics. (I mean that's why i invest in the market, so i can make extra money for my lady to buy stuff lol)
The bear case?
-retail sector has been going down hill
-Corona shutdown gonna affect their revenue this year by 25% easily so we'll be looking at breakeven for them this year.
we can bear case all day for sure but that's some of the main ones, so know your risk!
So what's my play?
picking some up around the $5 range, gonna add a trailing stop-loss at $1 below ( trailing stop means at $4 stoploss, if you don't know, just msg me)
Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores
The bull case?
-The company has good profit margins for a retail.
-The company has good debt to capital because they sold a lot of real-estate a few years ago.
- Could get a dead cat bounce (lol)
- I've noticed that Yacktman Hedge fund started acquiring over 20% of macy shares.( this is one of those long term investment companies, kinda like Berkshire and warren buffet style, they look for value)
-Lastly they got a good online store and ladies love to shop! shopaholics gonna be shopaholics. (I mean that's why i invest in the market, so i can make extra money for my lady to buy stuff lol)
The bear case?
-retail sector has been going down hill
-Corona shutdown gonna affect their revenue this year by 25% easily so we'll be looking at breakeven for them this year.
we can bear case all day for sure but that's some of the main ones, so know your risk!
So what's my play?
picking some up around the $5 range, gonna add a trailing stop-loss at $1 below ( trailing stop means at $4 stoploss, if you don't know, just msg me)
Catatan
hit our stoploss around $8
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