Today looks promising. A person can make a living shorting JCP at 9:40 AM and buying it back at noon!!!!
He once counseled me that I was posting too much. He (Markit) stated he limited his posts, but I now believe the many alias' theory. Sometimes he appears to be Bull Rider, Petula, Saved Freak, Sir Walter ECT. Since JCP never reached $7.92 today I'm in FLIR, which has no MB to speak of.
I pay 3.25% on my second mortgage (paid off the first years ago). JCP pays 7.75% on their bonds, now going variable rate. Kicking the can two years at a time.
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.
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.
More name calling is in order Walter (markit), since you resort to that when your logic fails you. Is CEO Marv going to borrow money from Wall Street to reward patient JCP shareholders with a one-time dividend? Maybe he'll borrow $3,150,000,000 to re-store a dividend? Maybe you could sell your 8% JCP stake to provide the money. Since you continuously buy on dips but never tell how much or when. Look forward to taking another small part of your retirement tomorrow.
Sad how you use Walter to name call shorts. You counseled me not to post so much. I bought GM today at $29.19 but the lies on this board just pull me back. GM doesn't owe the US Gov't any more. Carrier moved from Indiana manufacturing to Mexico not China. JC Penney getting out of appliance sales has nothing to do with foreign manufacturing. Your multiple ID's will cause early dementia. If that is not what fuels you madness now.
well as the promise of pre-EBITDA profits. Oh its good to be a JCP long as this company never shares bad news, only vague good news. When the next shoe drops it'll be down another buck. Happy Mutual & Hedge Fund mangers with JCP in their portfolio will be FIRED!!!!! Novice lemming managers listening to Wall Street gangsters.
I love name calling! JC Penney is broke now. Just a matter of time before Wall Street allows lemmings to know it. Hello swaggin/freak band.
Pre-bankrupt companies do strange and sometimes criminal things. Being a war veteran I have friends with traumatic brain injury (TBI) like Myron Ullman. Hence, I wanted you all to read the Dallas News post article on him. They (my friends with TBI) tend to use it when convenient for their short comings. Myron would, I suspect, have used TBI if the SEC or FED looked into JC Penney's use of GAAP in their loose way. CEO Marv is not very specific. A Memorial Day Comp number, which is higher. Appliance sales have a lower Comp. then apparel, but our private brands are selling well. Then why bring appliances in? I see the people travelling past dozens of apparel stores because they're holding out for a St. Johns Bay coat, which I have and love, but it was $100. Bring BACK THE DIVIDEND like Marv stated in the CC! It can't happen with the $4.78 BILLION in debt. So why did he say it? He can't be trusted & can't hide behind TBI like Ullman.
With their lack of a advertising budget who will know they sell appliances? Anyone else? Thanks Swaggin or the invite back. I'll short tomorrow morning.
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.
You need to go to Chic Filet and relax. All the nice, polite people go there. There closed on Sunday to uphold your Christian fabric. They have every type of person serving you. Of course if you go to the Northern Maine, New Hampshire and Vermont stores you will sadly be more comfortable. You Dades, were born 150 years too early where you don't fit in. Even this board has changed in the last 3 years so you don't fit in here either.
Hope he doesn't expand the float by over 300 MILLION shares like his mentor (Myron). The saying goes, never trust a man who doesn't go by his true first name (Lt Buck Compton of Band of Brothers, 'Call to Duty'). Another Common stock expansion and we're under $5 quickly with a prognosis of $2 within a few weeks. Keep your shovels handy.
Why did CEO Marv say how much comps were up over Memorial day weekend or just talk in generalizations, again. Did Marv get a new loan to kick the debt can down the road. Or are you a cheerleader, thinking JCP doesn't go under $8 much. Each quarter without profits is the tick, tock of bankruptcy getting closer. You're not original in your ID theft to be credible.
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!
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.