Macy's Inc Watchlist
Macy's: Amid Global Uncertainties, a Special Situation in an Out of Favor Sector
347 Views, 13 May 2022 20:52
- Amid ghost malls of closed stores across the US, this reimagined middle class retail legacy operator has transformed itself and become a special situation buy at its price.
- With 794 stores in all major cities, Macy's can move smartly up as global pandemic pressures begin to ease and bearish macro events like the Ukraine war find resolution.
- Current market cap does not reflect impressive transformation of its business model management has put in place that shows in FY 2021 and promises better in 2022.