Macy's Worth Over 125 Per Share: Starboard's Smith

Macy's (M) shares perked up after Starboard Value's Jeffrey Smith reportedly disclosed that he has taken a position in the department store chain and thinks the stock could be worth over 125 a share, nearly twice its current price. Shares rose 5.8% to 70.61 in the stock market today. At the Delivering Alpha investor's conference in New York City, co-hosted by CNBC and Institutional Investor, the activist investor noted Macy's real estate value,

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Macy [+]    Starboard Value [+]    Jeffrey Smith [+]    Delivering Alpha [+]    New York City [+]    CNBC [+]    Institutional Investor [+]   

More from #economy