December 16, 2008
SpeculatingStocks.com Stock Pick: Macy's, Inc. (M)
Stock Price: $8.15
Macy's, Inc., through its subsidiaries, operates department stores in the United States. Its retail stores sell a range of merchandise, including men's, women's, and children's apparel; and accessories, cosmetics, home furnishings, and other consumer goods.
M has been around so long that they have one of the rare one letter stock symbols. Their brand is one of the most well recognized retail brands in the United States.
Investors finding M now are finding it at a significant bargain. Retail stocks have been sold down significantly, but those in at the bottom are discovering real bargains like M.
M is currently trading significantly below its book value of $23.55. M is trading at a severe discount to book value. M is also in a short-term uptrend after hitting bottom and if it breaks through its 50-day moving average around $9.11, we could see M possibly gain around 50% from its current price.