Kyle Bass " I think all they have to do is stabilize to see double-digit comp gains." ~ Marc Lasry “It looks like everything is stabilizing,”
Kyle Bass ~ "I think that men on this team will be able to stabilize J.C. Penney ."
“It looks like everything is stabilizing,” Mr. Lasry said
Mr. Lasry said. “It’s kind of hard for this company to end up in bankruptcy when it has $2 billion in cash.”
Mr. Lasry said interest payments total only about $500 million over the coming years and that J.C. Penney should start making money again next year, making it unlikely to run into as much trouble as the bears think.
Mr. Lasry said ... J.C. Penney should start making money again next year
Hmmm - - wonder how he pulled that rabbit out of his hat - - it's quite a leap from "stabilizing" to "double digit comp gains" to "making a profit" - - - - - - -
I could have a company that is "stabilizing" that is losing money, and having "double digit comp gains" at a "margin" insufficient to "make profit" - - - - - - all in all - - - - - - a really worthless "cut n paste" - - - - but then again I consider the source !
Bottom line - - - - I sold my cows, so I don't need your bull !!!!!