Smart Investors Avoid Macy's No Matter How Good the Price
Macy's (NYSE: M) shareholders have had a rough go of it going back several years, with the share price down by 66% over the last five years. While some investors may feel tempted to jump in, viewing this as a value stock, you should resist the temptation to buy while waiting for the price to get to its intrinsic value.
After all, the stock is down for good reasons, and I fear this is a value trap. This is when a company's stock price doesn't appreciate significantly due to larger or underappreciated issues. This is the case with Macy's.
Let's examine why you should avoid the stock.
Source Fool.com
