Today the stock will approach less than 10.50
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It was 5.72 this morning. Time to buy?
Macy's stock closed at $7.38 today ... Private Equity (PE) should take over this company and dissolve it to unlock value. Basically fire everybody and sell the assets. No point in continuing this farce of Enterprise.
Open 8.30
High 8.34
Low 7.21
Mkt cap 2.28B
P/E ratio 4.07
Div yield 20.46%
Today the stock will close in $7 range.
Stock closed at 9.49 today
Open 10.05
High 10.05
Low 9.27
Mkt cap 2.93B
P/E ratio 5.24
Div yield 15.91%
It was just two weeks ago that the company declared its latest quarterly dividend, keeping the payout at $0.3775 per share or $1.51 per year. At that time, the annual yield was just over 11.50%, but the stock has dropped a bit since. At Tuesday's low of $9.85, it would take just over 6.5 years for investors to be repaid that entire share price based on the current payout.
With Macy's shares falling into the single digits on Tuesday, the stock's dividend yield has topped 15.00% on an annual basis. At this point, it seems as something would have to give, because you don't see retailers of this size have payouts that large for extended time periods. There are likely two ways in which this could play out, depending on your point of view, with either the company cutting its dividend or taking out more debt to finance a large stock repurchase plan.
Open 10.05
High 10.05
Low 9.27
Mkt cap 2.93B
P/E ratio 5.23
Div yield 15.93%
You are a prophet.
Today's close was 10.35 – less than yesterday.
Today's low was below 10 ...
Open 10.96
High 11.33
Low 9.86
Mkt cap 3.13B
P/E ratio 5.58
Div yield 14.95%
Prev close 10.43
52-wk high 26.33
52-wk low 9.86
In the decade since the financial crisis, deals for companies valued at more than $10bn have returned $1.81 to investors for every dollar they put in, less than the $1.92 brought in when investing in targets valued at below $5bn, according to figures from Cepres, the investment analytics firm.
Stock closed at 10.43 today.
Open 10.60
High 10.98
Low 10.02
Mkt cap 3.17B
P/E ratio 5.66
Div yield 14.73%
Prev close 11.48
52-wk high 26.33
52-wk low 10.02
"Which barbarian?"
Any Private Equity. Remember money is quite cheap and getting desperately cheaper by days. So it is quite doable to cobble 5 billion dollars to buy Macy's and recoup 10 billion dollars within three years. Real estate will unlock value under private equity ...
Which barbarian? All the stocks are down and yes they are undervalued but look at the sector as a whole it’s a mess. They might actually get a bump when Sears and JCPenney finally go under. Isn’t Belk aka “Macy’s B team” private equity owned? They are next. Chips may fall well for Macy’s.
At least Hal don’t call me Opie is gone.
Here in Atlanta it’s not so bad maybe because the CDC is here and we have the best regional team.
Macy’s will be sold. As the stock goes right in the dump.
Open 10.60
High 10.81
Low 10.03
Mkt cap 3.32B
P/E ratio 5.94
Div yield 14.03%
In 2020 – Macy's will be taken over by the barbarians at the gate (meaning Private Equity).