Mrs. Gilbert received her B.A. in Journalism
from California State University, Northridge
( I Guess Journalism Majors Believe what they read on twitter ~ Gossip ~ Even Though she Said herself It Was FALSE)
2 Days Earlier mary ross gilbert of imperial capital said this
Now that J.C. Penney Co. Chief Executive Officer Mike Ullman has slowed the sales decline and amassed enough cash to fund two years of operations
Imperial Capital’s Mary Ross-Gilbert isn’t worried about JC Penney’s bonds:
JCP is continuing to “clear” inventory from the previous management team that will likely weigh on margins in F3Q13, but should position the company well for F4Q13…
We are maintaining our BUY ratings on all bonds maturing beyond 2015 at the prices shown in
Figure 1. We favor the longer-dated bonds trading in the 60s that we estimate could generate 22-29% annualized returns over the next 1-2 years, including current yields of 9-12%. We believe the long-dated bonds may trade up to the low-to-mid 80s as financial performance improves, particularly in 4Q and F1H14 against very easy comparisons.
( but Proven FALSE twitter rumors , Changed her Mind ? )
LMAO keep whining misskellyfraud,,,,Ullman told the whopper of lies to the market, and this joke scamstock will pay for it until it ends in Chapter 11. You have 0 power to do anything about it. Your incessant pumping here does nothing.
The options makers will keep you range-bound (just like yesterday) until the Squid/Kraken GS orders the final takedown. FACT. No false rumor about it. 6-12 months.
If you take Fitch's numbers you get Imperial Capital's $1 number....but things change and it is up to management to cut expenses and get sales up to make those forecasted numbers wrong.
She is in ways more optimistic then the Goldman/Citigroup as she does see recovery and a buy on the bonds. The others imply this may not be the case and offer up recovery work on the bonds as collecting as low as 13% in liquidation to 65% if filed as a going concern with a debtor in procession loan package. Goldman focuses hard on liquidity triggers, ways to raise cash until they can rebound