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J. C. Penney Company, Inc. Message Board

  • johnparcg johnparcg Apr 19, 2013 7:31 PM Flag

    what will happen to this stock when earnings are realeased on may 13?

    now this should be interesting.....

    Sentiment: Strong Sell

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    • For the most part, Wall Street is expecting JCP to miss their estimates (this will be the seventh time in a row they have missed it). Unless the numbers are hugely off target and shockingly bad, I don't expect much of a panic. On the other hand, the stock dropped 11 percent on the day Ullman's appointment was announced...signaling a large 'no confidence' vote for Ullman and JCP's future. While the price per share may not drop precipitously, do expect more articles, news reports and analyst comments using the words "bankruptcy", "Going Private", "Buyout", etc.

      May 13th will also be an opportunity for Ullman to finally step forward and address key issues surrounding his plans for the company. He has granted very few interviews since his re-appointment to the CEO position and this will be a chance for him to finally speak out. We'll see....

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