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Macys Inc. (formerly Federated Department Stores)MPAST TOP PICKAug 04, 2017Stock price when the opinion was issued
As of Jun 17, 2026. Market Open.
Before their recent report, shares were down 47% for the year, but the beat their numbers across the board, including earnings, though those numbers were not great. They've discounted their inventory like crazy until it's now manageable. Are positioned well for holiday shopping. Also, he has faith in the new CEO.
(A Top Pick June 23/16. Down 26.65%.) The whole consumer discretionary space over the last 9 months has been awful. He sold his holdings at about the price he bought it for.