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25 pts

Opinion on  Macy's Inc. (M)     Sector: Services  >  Industry: Retail (Department & Discount)
Buy Macy’s. Pay upto $31.25

Sep 04, 2007 05:06 PM GMT
Img_3204
Return Risk
-8.08% HIGH
Associate

Fitch Rates Macy’s New $350MM Notes ‘BBB’ Outlook Negative
The rating reflects Macy’s size and geographic scope as the largest department store operator in the U.S. with over 850 stores in 45 states, successful private-brand initiative and good cash flow generation. Also considered are challenging sales trends and an aggressive financial strategy.
That sounds kindaa positive !!! [...]

Update 08/29:

Fitch Rates Macy’s New $350MM Notes ‘BBB’ Outlook Negative
The rating reflects Macy’s size and geographic scope as the largest department store operator in the U.S. with over 850 stores in 45 states, successful private-brand initiative and good cash flow generation. Also considered are challenging sales trends and an aggressive financial strategy.
That sounds kindaa positive !!! [...]

Update 08/31:

We recommended Macy’s on August 29th, 2007 afternoon. It was trading around 30.60-30.80 then.
Latest ticker reports Macy’s trading around $32 almost 4% above the reco.
We shook off some bad news from Sears and Chico’s from the retail sector yesterday. That would have been a sweet spot to buy too.
Our position is [...]

Update 08/31:

We recommended Macy’s on August 29th, 2007 afternoon. It was trading around 30.60-30.80 then.
Latest ticker reports Macy’s trading around $32 almost 4% above the reco.
We shook off some bad news from Sears and Chico’s from the retail sector yesterday. That would have been a sweet spot to buy too.
Our position is [...]

M:  This call was made on 09/04/07 @ $31.57
Rating:   Positive   $31.57 (09/04/07)
Closed:   10/01/2007 @ $33.28 (+5.42% in 27 days)
Target:   $35.00 (+10.86%) in One month


+ Referring to this analysis:


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Who voted on this idea?
gotrubbish 61% 09/06/2007


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