Macys
- Thread starter vanzandt
- Start date
LOLJC Penney down 20% pre-market.
never post again. retire as a champ.
The huge brick and mortars are all going to die a slow death unless they can adapt to the new generations, and get the hell away from that God-Awful smell you always smell when walking into a major B&M that sells a lot of clothes. It reeks of artificial colors and flavors.
The new generation doesn't like that I would figure. Adapt or die. (I think they will do the latter. I know that Sears's primary problem was management style, but Macy's? When the hell was the last time y'all went into a Macy's and bought something, not concerned about whether you could get it cheaper elsewhere? Like, online at a competitor outlet?)
We are living in a world of frugality now.
The new generation doesn't like that I would figure. Adapt or die. (I think they will do the latter. I know that Sears's primary problem was management style, but Macy's? When the hell was the last time y'all went into a Macy's and bought something, not concerned about whether you could get it cheaper elsewhere? Like, online at a competitor outlet?)
We are living in a world of frugality now.
M took a huge hit today. Hell, had I known (my bad) JCP was reporting today I would have waited to post my opinion on this thing. Not because I think its over-valued, but because of the inevitable pin action that a loser like JCP will manifest.
I said it before and I'll say it again... Macys is not going away. JCP going tits up is good for Macys. Its like musical chairs.
So who knows. At $19 this thing is well below book. The property is worth over twice the market cap. If all is well in America as the indices suggest, then their land holdings alone put this pig north of $30 easy. And unlike Sears, they own quality properties in strong locations.... not these ghetto assed high crime areas.
We'll see. Expect the earnings (11/09) to completely suck. Its already priced in I have to believe. The Manhattan store alone @ $2000/sqf for Manhattan property...and a footprint of 3 acres (130K sqf total) is $260 Million for the footprint which is 1/20th of the marketcap. They have over 750 stores.
And they own them all.... most of them they own the entire mall.
Like I said.... we'll see.
I said it before and I'll say it again... Macys is not going away. JCP going tits up is good for Macys. Its like musical chairs.
So who knows. At $19 this thing is well below book. The property is worth over twice the market cap. If all is well in America as the indices suggest, then their land holdings alone put this pig north of $30 easy. And unlike Sears, they own quality properties in strong locations.... not these ghetto assed high crime areas.
We'll see. Expect the earnings (11/09) to completely suck. Its already priced in I have to believe. The Manhattan store alone @ $2000/sqf for Manhattan property...and a footprint of 3 acres (130K sqf total) is $260 Million for the footprint which is 1/20th of the marketcap. They have over 750 stores.
And they own them all.... most of them they own the entire mall.
Like I said.... we'll see.
I don't trade stocks per se, but Macys is going away for the long time.
Vanzandt should short a Clothes ETF. short clothes aggressively with put options.
Do that and you'll be wearing fancy European labels, instead of department store clothes. #Clothes2018
Alligator leather shoes, silk vests, cashmere sweaters. the works.
LL, I love you man, but what you on about? Pretty soon our clothes will be dictated to us, and it will be accepted!
But where the hell are the flying cars man!?!
I don't know about all that... but Paul Newmans watch just sold for 18 Million.
You like expensive watches right? That one was a beast.
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