Time To Get Back Into Macy's

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About: Macy's, Inc. (M)
by: Tim Travis
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Tim Travis
Long only, Deep Value, registered investment advisor, portfolio strategy
Summary

Macy's trades at less than 5 times earnings and 0.4 times revenue.

The dividend yield is over 10%, and seems reasonably sustainable.

Short-term headwinds, mask progress in key initiatives such as BlueMercury and Growth150.

A little over two years ago, we recommended buying Macy’s (M) common stock at a price of roughly $21 per share. The investment worked out very well for us, as we were able