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Martha Stewart Living Omnimedia Inc. Message Board

  • clawsmeister clawsmeister Apr 9, 2013 8:37 AM Flag

    If you "hate bashers" chew on this pervert!

    After a court-ordered mediation period seems to have hit a brick wall, Macy's (M), Martha Stewart Living Omnimedia (MSO) and J.C. Penney (JCP) will be back in New York state court this week. As previously discussed on Breakout, the case is a love triangle of sorts. Macy's claims they have a five-year exclusive deal with Martha and that JCP's efforts to open MSO "stores within a store" clearly violate the terms of the contract.

    The case is relatively small potatoes for Macy's, and CEO Terry Lundgren and his legal team have made noise about financial damages to Macy's. But given JCP's collapsing sales — with or without Martha — such claims seem designed more for legal positioning than financial peril. Brian Sozzi, CEO of Belus Capital Advisors, suggests JCP has a lot more riding on the outcome and traders know it.

    "Since the trial began on February 20, JCP shares are down 25%, Macy's up 10%," Sozzi points out. "So what is Mr. Market saying? That Macy's is going to put the final knife, the final dagger, into the heart of J.C. Penney."

    Ah love/hate/zeke/guy, Martha Stewart - the woman you wish you were - will be crawling back on her hands and knees (a position you are certainly familiar with) and taking up permanent residence under Terry Lundgren's desk (another reason for you to envy her).

    Any more stock predictions that you want to share with us besides MSO, MPG and COOL? LMAOAY!

    Sentiment: Strong Sell

 
MSO
4.10-0.04(-0.97%)2:46 PMEDT

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