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The Wall Street Journal recently reported that luxury department store chain Saks Fifth Avenue is aiming to take its e-commerce division public at a valuation of $6 billion, making investors wonder if Macy¿¿¿s (M) would do the same.
SQ shares soared for roughly 12 months straight off the coronavirus lows and its recent underperformance presents a relatively enticing buying opportunity, especially with a big acquisition set to close in early 2022.