#RAGETRADE – Bought M

#Follow the Falcon
Instagram
Facebook
Follow by Email
RSS
Google+
http://sneakyfalcon.com/ragetrade-bought-m/
SHARE

Sneaky Falcon Enterprises, LLC has purchased 50 shares of Macy’s Inc (Ticker NYSE:M).

The 50 shares were bought at a price of $25.81, for a total cost basis of $1,297.32 (with commission). Eric, who had been following Macy’s closely the last few weeks, called for an emergency vote to load up before the ex-dividend date.

Why are we getting in on the much maligned brick & mortar retail industry, you ask?

Well, it’s not the industry itself, but a potential bright spot in Macy’s. The stock has been hit hard over the last 2 years, but revenues remain strong. Things appear to be turning around, and another good earnings release and a short squeeze could send the stock even higher.

Besides, we aren’t in this one for the long term. Looking to make a quick buck from a strong 4th quarter and collect a pretty solid dividend as well.

To the moon!

Be sure to visit our portfolio page to see all of our other holdings as well!

Sneaky Falcon Admin
Fly with Us!

Sneaky Falcon Admin

Admin Account at Sneaky Falcon Enterprises
Updates & news on the website are generated by this author
Sneaky Falcon Admin
Fly with Us!

Latest posts by Sneaky Falcon Admin (see all)

Sneaky Falcon Admin

ABOUT THE AUTHOR

Sneaky Falcon Admin
Updates & news on the website are generated by this author

Leave A Comment