https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/645F6D95-8A1D-4566-BCBE-9FF06B4A3CC2 So it’s now called junk lol
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And why is Jeff yet again in charge pf this mess?
Unfortunately, longer than 2 yrs. Look at Sears-if it were a horse would have been shot a long time ago and it's still breathing. Agree that its now takeover bait for the real estate value. (very good analogy comparing to a Camaro).
More predictions-
The board will force Gannette out along with his newly hired flunkies early/mid 2021 after blaming another bad year on the weather/not enough tourist/coronavirus. (Jim Cantore on line 2)
Double down (at least) on store closures
Quite focusing on junk-ie Backstage and Private Label. People have money to spend and want quality not TJ Maxx.
Just my $.02!
Not Sears, not JcPenney who is in real trouble, BUT this does make them a takeover target. Its like buying a used Camaro. Buy it for 5K, strip and sell the parts for 12K.
Someone is going to buy Macy's for the real estate.
Thanks for explaining that. Macy’s is now sears. So I’m going with my prediction of 2 years left.
What this means:
Most Institutions have a policy against investing in junk rated debt, therefore, this will cause an avalanche of robo-selling Macy's stock, which will further worsen the company's financials.
I know I'm talking to retail salespeople who don't know a thing about the financial world, so let me summarize it plainly.
Macy's just became Sears.