Macy's: An Undervalued Hidden Asset Play
Macy’s (NYSE:M) looks undervalued: my DCF is $18.15 per share, a 0.68 price-to-book hints at mispriced assets, and ~$20.74/share in real estate makes this a classic hidden-asset play.
Macy’s (NYSE:M) looks undervalued: my DCF is $18.15 per share, a 0.68 price-to-book hints at mispriced assets, and ~$20.74/share in real estate makes this a classic hidden-asset play.