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According to TipRanks, Jonathan is among the top 2% of bloggers (as of July 19, 2019). Jonathan is a contributor to both TalkMarkets and Seeking Alpha. You can see his ...more

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Macy’s Q1 Was Bad, But The Company Has The Cash To Survive The Current Pandemic
4 years ago

Less indebted, better locations, more valuable owned real estate, shrinking in time, etc are factors that likely have played a role

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Macy’s Q1 Was Bad, But The Company Has The Cash To Survive The Current Pandemic
4 years ago

I agree, some already went bankrupt and more will sadly follow.

In this article: M
Macy’s Q1 Was Bad, But The Company Has The Cash To Survive The Current Pandemic
4 years ago

Hi Carol, I don't think Macy's is a buy right here, at least for me it is a little risky still. But they are in a position to weather the current crisis, even though it is not yet clear how they will eventually perform versus online competitors such as AMZN

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Macy’s Q1 Was Bad, But The Company Has The Cash To Survive The Current Pandemic
4 years ago

Thanks for your comment Andrew! I agree that their approach has been better than that of JCP, Sears, etc. although it is not yet known whether they will be able to ultimately turn around the business and be successful with their omnichannel approach

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Macy’s Q1 Was Bad, But The Company Has The Cash To Survive The Current Pandemic
4 years ago

Thank you Susan! I think it is quite hard to forecast what sales could look like in 2021, it also depends on their strategy re shutting down underperforming stores, and what their e-commerce business will look like

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Macy’s Q1 Was Bad, But The Company Has The Cash To Survive The Current Pandemic
4 years ago

Glad you liked it Sheryl! Right now I think a range of REITs and healthcare stocks are attractive from a risk-reward standpoint, including $ABBV, $BMY, $O, $SLG, $SPG, etc.

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