Get intelligentvalue.com

Own it today or select a payment plan

Buy Now$3,879Payment Plan$325/mo

Secured by Stripe

Premium Domain Name

intelligentvalue.com

is available for purchase

51 views

Visitors from

US 54%·

AU 32%·

IN 7%·

GB 2%·

FR 2%

Perfect for

Financial Consulting Technology Startups Educational Services Economic Forecasting E-commerce Solutions Business Analytics Artificial Intelligence Solutions Investment Advisory Strategic Planning Market Research

Unlock the potential of 'intelligentvalue.com', a premium domain that embodies sophistication and expertise in investment advisory and financial consulting. Perfect for businesses in artificial intelligence solutions, market research, and strategic planning, this memorable domain conveys a strong branding message that resonates with clients seeking innovative and data-driven insights. Elevate your presence in the competitive landscape with a digital identity that signifies intelligence, value, and forward-thinking solutions.

Safe & Secure

Protected transactions with Stripe

Fast Transfer

Domain transferred within 24 hours

Flexible Payments

Interest-free payment plans available

Why Macy's (M) Shares Are Sliding Today

November 25, 2024 at 13:50 PM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

M Cover Image

What Happened?

Shares of department store chain Macy’s (NYSE: M) fell 7.3% in the pre-market session after the company delayed its third-quarter 2024 earnings release and conference call. This is typically not a good sign as it raises uncertainty, which markets generally dislike. The delay is to allow time for the completion of an independent investigation in relation to an accounting error uncovered while preparing its financial statements. The company also reported underwhelming preliminary third quarter results with net and comparable sales down 2.4% year on year.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Macy's? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Macy’s shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 9 months ago when the stock gained 18.5% on the news that the company announced it received a revised offer from Arkhouse Management and Brigade Capital to acquire all outstanding shares for $24.00 per share in cash they don't already own. The new offer is for $24 each, or $6.6 billion, up 14.3% from the $21/share offer announced in December 2023. The new offer represents a 33.3% premium to where Macy's shares closed on March 1, 2024.

Gavriel Kahane and Jonathon Blackwell, Arkhouse Managing Partners, highlighted "frustration with Macy's Board of Directors' delay tactics and refusal to engage with their credible buyer group. They emphasized the shareholder concern evident in the stock price selloff following recent restructuring plans and a dividend hike announced by Macy's."

Lastly, they reiterated their commitment to executing the transaction by increasing their offer to $24.00 per share in cash, citing "confidence in Macy's long-term prospects as a private company."

Macy's is down 20% since the beginning of the year, and at $15.83 per share, it is trading 26.5% below its 52-week high of $21.54 from March 2024. Investors who bought $1,000 worth of Macy’s shares 5 years ago would now be looking at an investment worth $1,017.

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article