Bear on Wall Street: Macys Inc (M)

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Bear on Wall Street: Macys Inc (M)

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Stock Picks and Strategies Thread About, Bear on Wall Street: Macys Inc (M)

Citigroup added Macys ($15.78) to its retail sector top picks. Up-Coming Catalysts: 1. Raising of 4Q09 EPS guidance depending on ...

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01-29-2010, 07:46 AM	#1
thevoice@voicedup.com Senior Member Join Date: Apr 2009 Location: http://voicedup.com/ Posts: 646 Rep Power: 1	Bear on Wall Street: Macys Inc (M) 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 EBITDA is 6.2, (M) trading at 4.6. Price Target: $30 __________________ http://voicedup.com/

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