1. Macy's Could Actually Be Worth an Astounding Amount

    Macy's Could Actually Be Worth an Astounding Amount

    If Hudson's Bay wants to buy the iconic Macy's ( M ) nameplate and its lucrative real estate, it better be prepared to open its checkbook. Macy's could conservatively be worth about $16.4 billion, or $53 a share, points out Deutsche Bank analyst Paul Trussell. Trussell estimates that Macy's real estate alone is worth in the "low" $40 a share range. Shares of Macy's spiked 6.4% on Friday to $32.69 on news Hudson's Bay approached the company for a deal, according to Dow Jones...

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