Macy's..Taken Over By Amazon ?The idea seems both immediately grandiose and incredibly business savvy
Over the weekend, the idea was floated i that Amazon should
consider buying Macy's, the beaten down, but very high class retailer,
who also own the Bloomingdale's Department Stores.
With over 850 store locations in the US, in major metropolitan locations,
Macy's could immediately offer Amazon a foothold into prized American retail.
The idea of a potential merger between these two companies
pparently caught fire on wall street today,with Macy's stock up over 10 % just today,
I don;t think Macy's would consider a buyout for any price under $10- to 15 a share,
which would translate into a 40- 50 % premium, above where the market closed the stock today.
Present shareholder's could thus be handsomely rewarded, by buying Macy's stock right now,
and simply waiting, patiently for a buyout deal to materialize.
And if it's not Amazon, then potentially some other suitor will soon come knocking next.
M Last 6.62
THE_UNWIND
6/29/20
NEW YORK
