For all those who continue thinking M is in the same state as Sears and will close anytime soon need to read the article I ran across. Sure some of the recent upswing in stock price is driven by takeover rumors but I would like to think it is more related to a change at the helm. This particular paragraph IMO is the reason why the board and investors will not consider the offers being presented.
In short the grass is not always greener….
*Assessing Macy's Profitability
Macy's Inc holds a Profitability Rank of 7 out of 10, indicating a strong ability to generate profits relative to its peers. The company's operating margin stands at 5.09%, which is better than 58.97% of 1,109 companies in the same industry. Its return on equity (ROE) is 2.53%, surpassing 39.63% of its industry counterparts. The return on assets (ROA) at 0.62% and return on invested capital (ROIC) at 8.82% also demonstrate Macy's efficiency in utilizing its assets and capital to generate earnings. These figures, coupled with nine years of profitability over the past decade, underscore Macy's solid financial foundation.
https://www.gurufocus.com/news/2372836/whats-driving-macys-incs-surprising-18-stock-rally?r=4bf001661e6fdd88d0cd7a5659ff9748&mod=mw_quote_news