By BubbleBustInvesting : For more than a year Macy's ( M ) has outperformed J.C. Penney ( JCP ), though it has lagged behind other retailers like TJX Companies ( TJX ), Kohl's ( KSS ) and Limited ( LTD ). This may change soon, however, as a refurbished J. C. Penney has corrected one of its ...
Given Macy's focus on its balance sheet and improving fundamentals, we think it will continue to generate cash and use it to predominantly favor financial health over growth.