Macy's Focus Is On Its Balance Sheet

About: Macy's, Inc. (M)
by: Jonathan Weber
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Jonathan Weber
Value, dividend investing, Growth, growth at reasonable price

Macy's performed better than expected.

The company is reducing its debt levels.

Strong cash flows make the dividend look safe for the foreseeable future.

Macy's (M) has reported second quarter results that were better than expected. Operating results are still deteriorating, though, and it is hard to see upside for the company's shares in the near future