Investors Are Still Overlooking Macy's Real Estate Potential
After an extremely weak first quarter, Macy's (NYSE: M) began to steady its sales and earnings performance in the second quarter of fiscal 2017. Adjusted comparable store sales fell 2.5% in the period. While that's hardly cause for celebration, it was a big improvement relative to the 4.6% decline that Macy's logged in Q1.
Nevertheless, Mr. Market wasn't impressed. Macy's stock has plumbed new multiyear lows in the past month, even falling below the $20 mark briefly.
Source: Fool.com