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JakNero · 01-21-2010, 02:19 PM

I'm not sure if this is the right forum, but I wish to know if Macy's, by examining its balance sheet, is a good company to invest in.

Here a link,

http://www.macysinc.com/investors/2009/cfs093qbs.aspx

From what I understand, according to the Current Liabilities, Macy's had to come up with about five and a half billion dollars by the end of the quarter.

ramirezhenry55 · 02-06-2010, 05:16 AM

Cool! Macy seems to be a good company based on this balance sheet but do you have any other financial statement to boot about the company. How about their stockholders equity statement?

Pat · 02-06-2010, 11:06 AM

Whether Macy's has a good balance sheet depends on your standards.

It looks questionable to me with a current ratio of 1.3, total leverage of 4.96, total debt to equity of 1.93, with little to no earnings for 09, another impairment charge possible (4.4B remaining after 5.2B written off in 08), high unemployment rates and still unsettled credit markets. I anticipate tough times ahead due to their acquisition binge during the last 5 years and prior stock repurchases which left them with a significant increase in debt and no additional earnings of any significance (except for one yr, 01/31/06 ) following those acquisitions.

JakNero · 02-08-2010, 11:30 PM

Yikes!!!

Thanks. I also happen to work there. There's a lot of restructuring going on. The managers have worried looks on their faces. They changed their management style last fall and made other types of changes. Also, they're doing floor moves; that is, moving merchandise that isn't popular to the back areas and moving higher selling merchandise to the front where more people will walk by.

I was thinking of purchasing stock, but it doesn't seem right to me. I just don't understand accounting enough to be able to read a company's financial statements and know if it's a solid company.

rambler · 02-23-2010, 04:10 AM

Id put my house on this one Macys has $6.5 in stock and only 5.5 in current liabilities.

The company can convert stock into cash immediately but wont pay pay its creditors in 60 - 90 days.

Stuff ratios buy all the stock they offer and put get some on the stock market

01-21-2010, 02:19 PM	#1 (permalink)
JakNero Status: n00b Join Date: Jan 2010 Posts: 3 Rep Power: 0	Balance Sheets I'm not sure if this is the right forum, but I wish to know if Macy's, by examining its balance sheet, is a good company to invest in. Here a link, http://www.macysinc.com/investors/2009/cfs093qbs.aspx From what I understand, according to the Current Liabilities, Macy's had to come up with about five and a half billion dollars by the end of the quarter.

02-06-2010, 05:16 AM	#2 (permalink)
ramirezhenry55 Status: n00b Join Date: Dec 2009 Posts: 7 Rep Power: 0	Cool! Macy seems to be a good company based on this balance sheet but do you have any other financial statement to boot about the company. How about their stockholders equity statement? __________________ Basic Bookkeeping Course

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02-06-2010, 11:06 AM	#3 (permalink)
Pat Status: Moderator Join Date: Apr 2009 Location: USA Posts: 118 Rep Power: 13	Whether Macy's has a good balance sheet depends on your standards. It looks questionable to me with a current ratio of 1.3, total leverage of 4.96, total debt to equity of 1.93, with little to no earnings for 09, another impairment charge possible (4.4B remaining after 5.2B written off in 08), high unemployment rates and still unsettled credit markets. I anticipate tough times ahead due to their acquisition binge during the last 5 years and prior stock repurchases which left them with a significant increase in debt and no additional earnings of any significance (except for one yr, 01/31/06 ) following those acquisitions.

02-08-2010, 11:30 PM	#4 (permalink)
JakNero Status: n00b Join Date: Jan 2010 Posts: 3 Rep Power: 0	Yikes!!! Thanks. I also happen to work there. There's a lot of restructuring going on. The managers have worried looks on their faces. They changed their management style last fall and made other types of changes. Also, they're doing floor moves; that is, moving merchandise that isn't popular to the back areas and moving higher selling merchandise to the front where more people will walk by. I was thinking of purchasing stock, but it doesn't seem right to me. I just don't understand accounting enough to be able to read a company's financial statements and know if it's a solid company.

02-23-2010, 04:10 AM	#5 (permalink)
rambler Status: n00b Join Date: Dec 2009 Posts: 6 Rep Power: 0	Id put my house on this one Macys has $6.5 in stock and only 5.5 in current liabilities. The company can convert stock into cash immediately but wont pay pay its creditors in 60 - 90 days. Stuff ratios buy all the stock they offer and put get some on the stock market

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