I'd say shorts get out in bigger #'s on Fridays but what do I know. Workers employed by JCP has gone from 110,000 to 105,000 from 2015 to 2016.
I was long and spent hundreds on multiple visits & online. My research & experience made me a short. Unlike your JCP employment makes you a expert. Usually the person looking in can see more. I know Myron shouldn't still be on the JCP payroll!
Cramer was a GM fan at $30 but not $28. The football brothers say GM is stuck in a $28 to $32 trading range. I can get rich in this range with a 5% dividend.
Per yahoo JCP profile as of 31 DEC 2015, Ulman made $7.43 MILLION as Chairman of the Board and CEO Marv just $5.3 MILLION (a $3 MILLION raise). Who is really in-charge? CFO Record $1.74 MILLION and Janet Link $1.01 MILLION as Chief Counsel. The poor new hires making $7.25 per hour. In the end the Common JCP shareholders will also get minimum.
Why did you gave Frank a pass on his GAAP nonsense & "I think JCP was profitable in the 4th QTR of 2016" is beyond me??????
Enjoy working at JCP Swaggin????/ You take things too personal. You'll still have a JCP job after bankruptcy but your JCP common shares will be worthless.
JCP is like Enron. When the truth goes public they'll all scatter like roaches & blame each other. Pre-bankrupt companies have the same pattern.
No, Goldman Sachs won't allow it!
I also went to a family reunion on the 4th. I told family I was short JCP and long GM. The younger crowd said they liked Macy's way better than JCP. The older crowd shopped JCP once a year. Macy's & Sears put JCP out of business in the Parklane Rd & Two Notch Rd Mall, although JCP never had the store closing of this Columbia, SC store. They close a lot of stores and don't announce it. This is the reason we went from 1200 to 1020 ish so quickly after the Myron GS loan/stock dilution.
When Malls close & JCP closes with it you'll never know it. JCP stores & Mall closings are kept out of the news. They had 1200 stores in 2013 announced 100 store closings through the years since and now have 1020 ish stores. JCP learned their math from the VA.
One more JCP shoe that drops (probably leaked) will tank the PPS. I can't get over how many fluff articles present JCP as rainbow & puppy dogs. They don't even use GAAP. That's why their Ivy League CFO left a few years ago with her golden parachute.
Combined with Bull Riders Ethnic plan and JCP should be $20 by Friday or not. I've seen one JCP TV commercial in the last two weeks. How will anyone know JCP has appliances. Word of mouth on this (Walters joke) message board?
I stay away from Amazon because of the taxes and prefer Ebay. Avoid JC Penney because of the 28 mile drive in traffic & when a long did not think their service was even average & JCP online gave me a cheap can opener that looked great online. Elderly staff just holding on for retirement or new minimum wage youth.
When the JC Penney house of cards falls on 12 AUG 2016, you can get a job lawns keeping Markits & T-checks yard and SCORE headquarters. House servants don't get much in India. Your janitorial duties at JC Penney or safety class didn't teach this distinction. If your posts were only a sentence the mentally challenged might be fooled. Too many Vietnamese catfish (jumbo shrimp) filets got your writing tongue?
Optimism by CEO Marv is not a Business Plan. Generalizations about the economy tied to JC Penney Memorial Day weekend is deceptive. Why is ex-CEO Myron 'Mike' Ullman still on the JCP payment rolls for MILLIONS???? Why does Beetieruss say nothing while copying the Beetleruss handle? The deception of JC Penney employees knows no end. Pre-bankrupt deception. Shop at JCP & get the minimum wage service!
I'm surprised we didn't close between $9 & $9.10 today as its a long weekend & JCP is heavily shorted. Longs win this week. You get to keep your JCP pension for another week until the India re-location.
Thank You Swaggin/SPC Saved Freak. CEO Marv is building a mansion with his $5.5 MILLION and his new employees live with their parents or a van by the homeless shelter. Capitalism is cruel and your JCP job is being outsourced to India. Quit and work for Target!
replace the head shed of Plano with Indian workers. More cost cuts to keep the mother ship alive. Walter you will lose your forklift job and Markit isn't learning Hindi for nothing. Oh American Capitalism!