Is Macy's a savvy distressed buy?
Is now the perfect time to buy Macy's? Like when David Tepper bought Bank of America for $3 a share back in 2008? Any thoughts or insight on this? Greatly appreciated.
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Let’s talk this through. Why is it a good buy?
Honestly, I was thinking about it because it seemed like the time of contrarian buy that seems intuitively illogical, but more than just hopefully optimistic. I'd point out the real estate angle, as their portfolio is very valuable, more than five times it current market capitalization, however, they are a owner-occupier retailer. More than that, if that is the only angle they can approach or justify their survival, it is a very dangerous play, on top of the liquidation complications. All in all, I want to hear everyone else's thoughts on this. But this is what comes to mind so far.
You wanna buy a holdout position with me? I got $25...I was thinking if we get enough people, we can do a loan-to-own strategy.
Lol
I don't touch retail even with a 10ft pole.
Have you been inside a Macy’s (not in NYC) in the past 5 years? I’ve seen enough to know I wouldn’t invest a dime. Let their slow bleed into oblivion continue.
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