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J. C. Penney Company, Inc. Message Board

  • lancer2k lancer2k Feb 5, 2014 8:52 AM Flag

    In a nutshell...

    This company began to hit the skids in serious fashion the moment Bill Ackman and Ron Johnson entered the picture. It has been in a tailspin ever since. These two buffoons left the company in shambles. People who have lost a lot of money on this stock simply did not care to see the obvious signs...massive cash burn, alienation of the customer base, quarter after quarter of disappointing numbers, borrowing on an epic scale to keep the company in operating capital, debt servicing costs, failures of Joe Fresh, Martha Stewart, Home Furnishings, etc.

    The signs were all there...all you had to do was look. Instead, some people chose to listen to the semi-literate pumpers and/or follow the lead of "smarter people", such as Ackman, Ross, Soros. All losers on this puppy.

    There is no substitute for doing your own homework, folks. Time to turn off the oven...this turkey is done!

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JCP
8.83-0.01(-0.11%)May 22 4:00 PMEDT