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J. C. Penney Company, Inc. Message Board

  • stocker4949 stocker4949 Feb 25, 2013 10:41 AM Flag

    A banker friend of mine at San Francisco told me yesterday that JCP is a $60 dollars stock.

    JCP is the 5 star stock to invest and hold in 2013! Get in cheap and build your million dollar portfolio.

    Sentiment: Strong Buy

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    • serenityloveh69@att.net serenityloveh69 Feb 28, 2013 10:17 AM Flag

      Prolly so

    • jkprice@sbcglobal.net jkprice Feb 25, 2013 2:55 PM Flag

      Stocker, have you seen what the bank stocks are selling for these days?

    • JCP is the 5 star stock to invest and hold in 2013! Get in cheap and build your million dollar portfolio.
      /////////////////////////////////////

      To get a million dollar portfolio with JCP - it would be wise to start with a 10 million dollar portfolio !!!!!

    • In 2007 it traded briefly in the 60 range. The company was much better managed then and actually had a customer base. JCP had a nice franchise in apparel and home fashion. and jewelry. Today all these sales are much lower and they have taken the old sears strategy of store with in a store. It has not worked at sears and it will not work at JCP either. Why ? Can not get the brand names that the customers who shop up scale want. They will be squeezed by Target, Kohls head on. Will be stopped out by Macy's on the top and TJ Maxx and Marshall's at the bottom. No country for old retailers who spend all their money without testing. Worst managed company ( retail ) since Montgomery Ward. Good luck. If you are long you will need it. I hope you do not bank with this guy who told you such nonsense.

      • 1 Reply to retailexecutive
      • 2007 it traded briefly in the 60 range
        /////////////////////////////////////////////////////////

        I believe that was more in the 80-85 range - don't remember the exact but the CEO du jour at the time thought it would be an excellent investment of JCP funds to repurchase stock in the 80 dollar range - - - that billion today is worth 75% less - - - - I believe they were trying to prop the stock price up at the time - - - - - JCP has a history of CEO's more interested and talented at filling their own pockets than running a retail operation - - - - - it's amazing they managed to turn a profit even up until RJ decided it was his turn for a piece of the JCP pie.

    • "A banker friend of mine at San Francisco told me yesterday that JCP is a $60 dollars stock"
      .
      .

      "Banker Friend" is an oxymoron. "JCP = $60 dollar stock" is also an oxymoron. Anyone that believes that posting is justamoron !!

 
JCP
10.17+0.11(+1.08%)Aug 21 4:00 PMEDT

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