Cramer Remix: It’s time to buy Macy's stock

Cramer Remix: It’s time to buy Macy's stock

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/28/cramer-remix-its-time-to-buy-macys-stock.html

CNBC's Jim Cramer thinks Macy's new CEO Jeff Gennette has more than a fighting chance to bring his retailer back in style.

"In the end, we need Macy's to raise its earnings forecast and pay down even more debt if its stock's going to have a sustainable run back to $30," the "Mad Money" host said. "That may be too much to ask of a single executive like Mr. Gennette, but I wouldn't be surprised if he can pull off something like it."