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Bear on Wall Street: Macys Inc (M)

By thevoice

Citigroup added Macys ($15.78) to its retail sector top picks. Up-Coming Catalysts: 1. Raising of 4Q09 EPS guidance depending on how sales come in. 2. 2010 outlook on 2/23/10 Valuation: 1.(M) currently trades at a 9.2 forward P/E, average multiple for department stores is 13.3. 2. 10-year historical range is 6.1-22.8, currently trading towards the lower end. 3. Department store average... »

Quote of the day

“Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit. In life, all men make mistakes, the wise men learn from their mistakes.” -Winston Churchill