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Martha Stewart Living Omnimedia Inc. Message Board

  • clawsmeister clawsmeister Mar 4, 2013 2:00 PM Flag

    M up, JCP plunging

    Ron Johnson did a good job on the witness stand .................for Macy's!

    MSO bagholders are about to see their stock go below $2. I can't wait for M's lawyers to go after Martha tomorrow!

    Sentiment: Strong Sell

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    • Penney's problem is not that they may not be carrying the "Martha" label but that they may have to.

      • 1 Reply to ferickleutz
      • From what I have seen, it appears that Johnson just told the truth. He wanted MSO brands in JCP so he worked out a deal with MSO with the intent of amending the Macy's deal as well. His problem was that he actually believed that MSO would do that, we all know that Martha specializes in dealing on both sides of the street. In this case she had no intent to change the Macy's deal but wanted the JCP deal as well. Johnson and JCP screwed up, they trusted Martha. Join the long line of partners that she has screwed. I frankly don't understand why the major part of the liability isn't on MSO. I know JCP is stuck with a boatload of inventory they can't sell if this ruling goes against them, but the breakup and costs from Macy's should fall in MSO lap.

6.46+0.26(+4.19%)Mar 27 4:02 PMEDT