https://www.google.com/amp/s/seekingalpha.com/amp/article/4392308-macys-m-ceo-jeff-gennette-presents-morgan-stanleys-global-consumer-and-retail-conference He omits he running stores with skeletons crews. Good read
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Bought shares at $10 and still work here. Price has already gone up 10% to $11. When the company tightens their budget, like we will do next year, investors usually believe the board's strategy and stocks go up. Dividends will be coming back albeit very small. And us workers pay the ultimate price - doing double and triple the workload. Shiity deals. But I'll make money off of the big M any way I can.
15-20 in a year, would require a good year in sales, low shrink for a company that has been closed most of the year. Let alone the cut in AP, reductions in staff and leadership and store closings next year. Experience has left the building in the last few years as well. Even online (increased this year, but what retailer hasn't?) may not be enough to jump start that sort of increase. For stocks to move you need large investors and the market to see the direction the company is heading , have confidence in the organization. Perhaps you are right and will make some money off the stock, safer bets are HD and Target. Both have doubled from spring time and are not slowing down. If the stock hits 20, and you bought it at 6, then sell it on that day! Good luck.
I see M going under in a year
I've already left but bought stocks in the company when it was sitting at $6.00 a share. I love to hear the promising mud flapping out of Jeff's mouth + the fact the vaccine is on the horizon. Now I've almost double my deposit. Go big M! Everyone should and can do the same... I foresee $15-$20 per share within the year.