Macy's Q1 Beats Analysts, But I'm Not Buying In

5/15 - "Retailer Macy's (NYSE: M) first fiscal quarter wasn't that bad, at least in terms of the analyst game...However, does this news excite me? Not necessarily...First, the overall top line declined almost 3%, coming in at $5.7 billion. Second, and perhaps even more telling, same-store sales were weak during the quarter, decreasing by 2.6%...And cash has been decreasing on the balance sheet. Oh, and gross margin went down, too."

"I'm not putting the company on my list of investment ideas right now, even though the stock closed up yesterday on the news...I think there might be better retail investments out there, such as Wal-Mart (NYSE: WMT) or Target (NYSE: TGT). Yes, the retailer may have strong associations with Donald Trump and Martha Stewart, but I will not be blinded by such celebrity value."