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J. C. Penney Company, Inc. Message Board

  • ferickleutz ferickleutz Oct 6, 2013 3:27 PM Flag

    Re: Mr. Ullman

    With all of his extra curricular obligations, when will he be able to find time to commit to JCP's recovery?
    http://investing.businessweek.com/research/stocks/people/person.asp?personId=195532&ticker=JCP

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    • His misspeaking (nicest way to put it) about not needing additional funding, night before the Goldman Sachs the SQUID public offering was announced instantly de-valuing existing stock by upto 1/4, Ullman has invited massive lawsuits and lost public and investor confidence in JCP.

      He MUST follow Ron Johnson/ protege of investor Ackman, out the door.

      Reinstating sales and classic items is NOT enough, JCP needs fresh perspective -- if Ullman is fired, the stock will SOAR instantly. Fact that Ullman's not as bad as Johnson isn't enough -- and his idea of sales was so over-done and tacky, Johnson tried the opposite approach. Even with Ullman JCP is way under-valued right now: with new CEO and President, and new marketing strategies, stock will instantly return to $13.00+ levels.

      Sentiment: Buy

 
JCP
7.59-0.14(-1.81%)Oct 24 4:01 PMEDT

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