Macy’s is in deep trouble. It could be sitting on a goldmine
Real Estate
New York CNN — Macy’s would be more valuable if it just shut down its business and sold everything off for parts. That’s the argument activist investment firm Barington Capital and private equity firm Thor Equities said in a proposal Monday that called on the company to make drastic changes to boost its stock price. The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself – an untenable situation that masks the true value of the company. Macy’s
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