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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!

The post #RAGETRADE – Bought M appeared first on Sneaky Falcon Enterprises.

This post first appeared on Sneaky Falcon Enterprises, please read the originial post: here

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