Macy's shares are up at 52-week highs this morning around $40. It is interesting to see because a lot of investors were losing faith in the retail space. The most recent quarter just showed people not to give up on retail just yet.
At this moment, seeing $M at $40 a share, I am kicking myself. Back when it was around $19 a share a few months ago I began looking at it. It was one of those moments when the price slaps you in the face and screams value. It sucks not being involved but it is nice looking back and knowing my gut was right at the time.
What do you guys think about this? Is retail still dead? Will Macy's go back down from here or do you think it still has room to run?
Submitted June 06, 2018 at 08:06AM by sisumoney https://ift.tt/2JpfdWL
No comments:
Post a Comment