Recession & Bankruptcy have been outlawed on this board by Markit & his alias'. It is officially R & B. Turnaround is still allowed and look at the chart on the right.
Making up new names and trying to figure out who is who, brings me back to shorting JCP every time. JC Penney deception runs from CEO to tag switching minimum wage clerk.
repeat every 6 months. We have appliances but no money to advertise them. Thanks to JC Penney employees on this board to add to the 6 year turn around lie.
I could get rich shorting the stocks you're excited about. Tap Petula & tell him to say hi to his Mom & Dad for me (Kevin & Starr).
I might be long JCP after it comes out of bankruptcy close 100 or so under performing stores & re-store their dividend. Capitalism is a form of corruption as is Communism. As a young man I cropped tobacco in Lafayette KY. It was a historic black owned farm of 500 acres. I saw the illegals come in & work for minimum wage. Boss man paid $10 an hour cash after work. The American crew got wasted that night and nobody but I showed up to crop. The next year I was headed overseas and said farewell to boss and 100%of his crew was illegal.
are retired from JCP. A corrupt regime first takes away free speech. JCP did away with monthly sales figures in 2013. They'll cherry pick positive results when CEO Marv is looking to borrow money. Mandatory quarterly reports is your information time. Marv mentioned borrowing money for a one time dividend to reward patient share holders. Really? Appliance sales are a experience, which new customers will enjoy. Really, with your weak advertising budget who will know you sell them? Lumber Liquidators in stores with Chinese toxic chemicals on them in Home Goods? Look at their PPS and you'll see 2 pre-bankrupt companies have struck a deal. How about Radio Shacks in stores? Good luck Monday, Futures down big again.
Exactly what Ullman & Marv did 18 months ago. Leave but stay as executive of the Board, who makes more than the new CEO. CEO Myron used shoplifting as a earnings excuse in 2014. Marv will use it this next earnings. It's okay Bull Rider's strategy is still in place. Can't wait for Petula's return I worked with his lazy father.
In Bernard Baruch's auto-biography he stated diversification was not the friend of a stock trader who wants to get rich. So I have two stocks usually and don't believe in stop-losses. BREXIT has sunk GM (my other) down almost 5% and it has a 5% dividend & 5 P/E. JCP just rolls along with smoke & mirrors, promises, and no TV commercials. I want to complain with another ID. I'll have to ask Markit how or take Spec. Saved Freak's advice & move around to various libraries.
it was announced (48 hours). This is why a certain poster wanted to make bets about $8 or $9. If BREXIT hadn't happened JCP would be siting at $9 on that news. Now the DOW Futures are down another 600 points. JC Penney will be under $5 this year (2016) as their next shoe will drop in 2016, peeling back levels of cooked books. Hence CEO Marv's BS booking keeping for managers system. MOTTO: Invest in JC Penney, we only tell investors the Forward Looking Statements.
He still hasn't admitted Carrier Heating/Cooling Indiana plant has moved to Mexico not as he stated China. Also that brokerage houses deny shorting stocks for various reasons. Being a JCP manager he doesn't know much about it. This is why, when I attempted to steer a new board member to GM with a 5% dividend (something JCP shareholders will never get) & 5 P/E, he tells them, GM owes the government MILLIONS from the bailout, which they paid back in full with interest 18 months ago.
when it comes to forward guidance involving running their mouth concerning profits 2 years out.
Need JCP to go up to Ullmans sell-out price of $9.65. Wow JCP is going to save up to $40 MILLION on their debt!!! Now it's only $164 MILLION a year in debt payments. What can they sell next? Sell the shopping carts and go to a Aldi system of bring your own bag or pay for the shopping cart in the name of "saving the environment". Too hot to go fishing today in SC.
JC Penney, however, will be good because they continuously lose less money each quarter while shedding all their real estate and having pre-EBITDA profits for the 4th Quarter 2016. When Goldman Sachs needs money because of BREXIT, they'll open their vaults to see what they can sell. Oh, look what they've found. 30 MILLION shares of JCP. TIMBER! Back to $6.75, where it was in pre-market of last earnings and should be now.
I scratch my head with JCP PPS. This thing has continued to lose less money for 4 years and Wall Street gangsters tell the average Joe its a buy.
I drove 28 miles to JCP Myrtle Beach with a $20 off coupon and bought a $100 St, John's Bay coat, which I still love. I bet JCP made a $40 profit on my purchase as a 12 year old in Asia put the jacket together. Still #$%$ about them leaving the shoplifting tag on.
Snow globe production in Vietnam will not be effected, nor Vietnamese shrimp & catfish. We'll have to see what happens on the chart on the right. If JCP goes under $6, Goldman Sachs will bring Yahutag back from retirement to pump JCP PPS.
The American women who know what the Euro is, shop at Macy's. It sure appears like the start of the Depression of 2016
JCP still hasn't made a real profit since the 4th QTR of 2010-2011. I won't be answering my phone to avoid the margin call and will be rolling pennies all weekend to add to my account. You won today!