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Here on this message board we are inviting all readers to discuss Macy's, Inc.. You may anonymously post comments with any information that they have about Macy's, Inc..

Micheal · Guest

Macy's is definitely gonna get hit hard in 2009. I think they'll be forced to close even more stores very soon!

Ingrid M. · Guest

Micheal wrote:

Macy's is definitely gonna get hit hard in 2009. I think they'll be forced to close even more stores very soon!

Micheal, why is your opinion so harsh on the company?
Could you provide more evidence on that?

Tornado Blue · Guest

I want to express my opinion. The company really looks stable and it doesn't seem that it will be in such a bad situation as Micheal has indicated in his post. The worst what may happen is that the company would loose some investors and that's it. That's what I think about Macy's.

wizard · Guest

I have studied the latest balance sheet (from November 1) of the Macy's. Although Lundgren expects that the sales of the company are going to increase by the middle of 2010, the current situation isn't so optimistic. Macy's is in danger because it does not have enough resources to pay back their short-term liabilities. Just take a look at the filings. Here is the link:

Consolidated Balance Sheets
(millions)
November 1,2008

ASSETS:
Current Assets:
Cash and cash equivalents.................................. 300
Receivables....................................................... 367
Merchandise inventories..................................... 6,915
Income tax receivable........................................ 43
Supplies and prepaid expenses............................ 246
Total Current Assets........................................ 7,871 Confused

Property and Equipment - net of accumulated 10,616
depreciation and amortization of $5,966, $5,139 and $5,438
Goodwill.............................................................. 9,123
Other Intangible Assets - net................................ 747
Other Assets....................................................... 547

Total Assets...................................................... $28,904

LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt................................................. $ 1,086
Accounts payable and accrued liabilities.............. 5,687
Income taxes..................................................... -
Deferred income taxes....................................... 246
Total Current Liabilities.................................... 7,019 Confused

Long-Term Debt................................................. 8,748
Deferred Income Taxes....................................... 1,466
Other Liabilities................................................... 1,981
Shareholders’ Equity............................................ 9,690

Total Liabilities and Shareholders’ Equity........... $28,904

It's taken from the link
http://idea.sec.gov/Archives/edgar/data/794367/000079436708000153/esthirdqtrq08.htm

The company's future depends on the strategy of the executives. Let's see what's going to be announced in 10Q of February.

wizard · Guest

Can you believe in this?

M stock closed at a price of 10.18 yesterday. Currently, professional brokers and fund managers estimate the stock of MACY'S INC to be heading for a price of 22.6 over the next 12 months. This represents a return of 122% on the stock. The average 12 months target seen by StockTargets users is 12.27, which suggests a future performance of 20.5%.

Does that seem to be a reasonable estimate for this stock?