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Pfizer Inc. Message Board

  • witless_titless_wave witless_titless_wave Nov 5, 2013 4:17 PM Flag

    JCP throws away cash it doesn't have to fight a problem that doesn't exist!

    Shouldn’t JC Penney Fight for Survival Instead of Global Warming?

    Good question for which Fatso has no answer.

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      Can BK be far behind? Shades of Sears. Headed down the same death spiral road.

    • Back to $6! Ouch!

    • Penney is expected to have at least $2.0B in Cash and Investments as of the end of the holiday quarter on 1/31/14. That's an unbelievable amount of cash for a company valued at only $2.5 billion. Don't worry about Penney's cash; they have a lot more than what they know what to do with. The amount of cash expected at 1/31/14 will be the highest at the end of any quarter since late 2011.

      I have a huge advantage over most investors because I take the time to know the facts. Those that get their news from Twitter rumors or that simply react emotionally without knowing the truth have no chance against me in the fullness of time.

      When I have a big position as I did with Tyco, Pfizer and Bank of America, I simply don't go wrong when it comes to the all-important decision to stay or sell. Once again I'm right on target with Penney an now I will go on to turn one-time huge losses into huge gains. Winner winner chicken dinner!

    • Bad management. Period.

    • Helping to save the environment and endangered species is certainly a noble task, but for J.C. Penney (NYSE: JCP ) , the endangered species it should focus on saving is itself. If the retail chain goes belly up, it isn't going to help anybody -- except maybe its competitors. SolarCity (NASDAQ: SCTY ) is teaming up with Wal-Mart (NYSE: WMT ) to reduce its carbon footprint and energy costs, but Wal-Mart is going about it the right way. J.C. Penney needs to hang onto every dollar it can in the short-term instead of undertaking long-term projects that don't add to the bottom line now.

      On Oct. 31, J. C. Penney announced that 500 of its locations earned "ENERGY STAR certifications" from the EPA. A number of its stores have earned this award for five years in a row.

      While this may help add a few customers, it's hard to imagine it will have a meaningful net financial impact for years to come. J.C. Penney saves "thousands" of dollars in energy costs each year, but its upfront capital costs and interest are adding to its own short-term financial problems. This is a company that shelled out $95 million in interest expenses last quarter alone on billions of debt, and it's bragging about investing millions more to save thousands.

      Running out of money
      J.C. Penney last predicted it would end the quarter with $1.3 billion in available liquidity. This was lowered by $200 million from the previous forecast it made just a month prior. Analysts expect net losses to continue to pile up. Last quarter, it reported that sales dropped by 11.9%. Adjusted net loss was a staggering $477 million, or $2.16 per share. This is not pretty. The last thing J.C. Penney should be doing is spending precious resources on fighting global warming and energy-reducing projects that won't provide financial benefits for years to come, if the company even survives that long.

27.83+0.13(+0.47%)Oct 17 4:09 PMEDT

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