Your Adarsh™

Letz mint some ‘ka-ching’

Buy Macy’s. Pay upto $31.25

Fitch Rates Macy’s New $350MM Notes ‘BBB’ Outlook Negative

The rating reflects Macy’s size and geographic scope as the largest department store operator in the U.S. with over 850 stores in 45 states, successful private-brand initiative and good cash flow generation. Also considered are challenging sales trends and an aggressive financial strategy.

That sounds kindaa positive !!! Isn’t it?

BUY BUY BUY. It has even more upside after today’s!!!

Now trading at $31.06. There will be some profit taking after that run today. We’ll close just an inch lower than the highs and you get in then. Get in any where around $31 – $31.5. Buy INTO THE CLOSE. Lets get an upgrade. We are trading to0 cheap now.

This is the chart. How appealing is that!!!! Too oversold and a good news and good comments!!! That’s what boosts stocks to upside.

ALL ABOARD.

Good Luck,

Your Adarsh

August 29, 2007 - Posted by explainstuff | Blogroll, Long Term, Profited, Short Term | | 8 Comments

8 Comments »

  1. I’m long on M in my IRA.
    The stock is down today about. .75 do you see a lower bottom?
    I’m about ready to pull the trigger.

    Comment by John Patrick | August 30, 2007 | Reply

  2. pulled the trigger at 30.92. there were many rumors about a private equ.
    buy-out a couple mos. back.
    If we get through the sub prime situation soon the rumors might become fact.

    Comment by John Patrick | August 30, 2007 | Reply

  3. Any where below $31 should be GOOD

    Comment by youradu | August 30, 2007 | Reply

  4. Macy’s is a good strong company, and I certainly wouldn’t bet against the stock. My problem with it is that I am trying to stay clear of retailers with an unclear consumer spending picture ahead. I think retailers are a little risky right now, but Macy’s is a long-term winner.

    Comment by Aaron | August 30, 2007 | Reply

  5. Aaron, I know we are worried of coz of the credit cruch and lack of liquidity, but I’m still more than moderately bullish on good retailers like Macy’s Nordstorm. People may decrease what they are spending but that spending will never stop. We may not see those upbeat numbers but these companies will never stop making money. On the other hand I’m bearish on Saks.

    bullish on Target, bearish on Walmart (losing lot of share to competitors)

    Comment by youradu | August 30, 2007 | Reply

  6. Some reasons not to buy macys at this point of time
    1) Consumer spending is down
    2) $ is down so retailers margains have taken a beating
    3) Macys earnings in perticular are bad
    4) Moving averages are not showing any sign of convergence
    5) They are having trouble keeping uniqueness of designers, recently liz claiborne has moved from Macy’s to JCPenny (mostly due to lack of sales). Many others are likely to follow. In fact for the first time floor price on JCP is more than that of Macy’s.

    6) Long term Macy’s is a good buy but I think $31 is too much price to pay. There are better performing stocks you can own for $31.

    Comment by Nitin | September 11, 2007 | Reply

  7. I bit the bullet and held M. Getting a dividend helped me to stay the course.
    35 looks like a possibility. Merger rumors still in play.

    Comment by John Patrick | September 18, 2007 | Reply

  8. Congratulations, may be you were one of the very few that held on to our say !!!!

    There were so many, so many people saying NO NO NO and emailing saying I am crazy LOL.
    Congratulations, hold on for the wild retail run and rumors!!!

    Good Luck.

    Comment by youradu | September 18, 2007 | Reply


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