Anthony Scaramucci's Hedge Fund Trade Of The Week (M)

On CNBC's Fast Money, Anthony Scaramucci said that this week's hedge fund trade of the week is Macy's, Inc. M. He explained that this company has the highest cash flow among its peers. Its cash flow yield is 14.3%, and it is trading at 11.9 times forward earnings. Mr. Scaramucci added that Macy's, Inc. (M) is planning to pay off $1.2 billion debt next year. He thinks that this company has great brands, and a huge number of loyal customers. Maverick and Appaloosa are two large, value oriented funds that have a long position in Macy's (M). Karen Finerman commented that Macy's (M) management team is really good. Macy's (M) fell 0.74% in the regular trading session today, and it added 1.18% in the after hours.