JCP announced they had closed out a loan...turned out it was a debt swap
Give the man a cigar, you can fool all of the people some of the time
and some of the people some of the time
but some people are just fools(bagholders/Markit/Walter/Bullkraper) and will keep trying to polish aturd.
But isn't he so clever.
Mrs. Markit: I'm home dear, did you find a job today.
Markit: No, but I did take a post from a really smart poster, changed a couple words and pretended it was my original thought.
Mrs. Markit: How much money did that make?
Market: That doesn't pay anything but I did count some posts, found two "Gotchas" and 4 "Ah-ha's" - Yahoo should be sending a check any day.
Mrs. Markit: Are you still trying to salvage that pathetic pension of yours?
Markit: I'm trying to pump up the Penney's stock.
Mrs. There's a reason they call it Penney's, that's all it's worth.
It's known as a "one handed clap" with one "finger up". Markit should love it.
They don't know fear
They don't know when they hold a losing hand
They don't know JCP only has 400M of cash going into the most expensive season of the year. They're throwing everything including the kitchen sink to stay afloat.
They don't know selling home office is just to pay bills, no matter what they say
They don't know the significance of a ten year trend chart on JCP
Next time anyone is out and about notice how many storage units there are. Friend of mine builds anytime he can find cheap land. They're all full ofcrap people don't need, so that fact alone should tell you, we're probably adequately retailed and possibly over retailed.
bullrider0900 • Jun 14, 2015 11:34 PM
Piper Jafferey says $15 FAST BOOOOOOYA
Jcp will never go under $8 technically not
"Even Cramer likes JCP"
Then he doesn't, then he does, then he doesn't, then he does. That's kind of like holidays. They come around every so often.
"Some of that has become unincumbered"
You'll be a good chap and enlighten us, I'm sure. Home Office was not part of the deal that was "encumbered" to GS in the first place. They only have a few very very small assets that are not in the GS pocket.
Sure you're not over here doing "research" for a SA article. I notice parts of your posts are repeated verbatim by a certain paid poster on SA. It's ok if you are, except his calls aren't particularly accurate.
In one way you have to feel a slight twinge of pity for Markit. In a stock at 38 that's dropped 30 bucks, driven only by the hope he can create enough fake ID's to pump up the sentiment.
Funny how they all hang their hats on the EBITDA earnings(LOL) and have forgotten the DOTcom era when companies without a single dollar in sales or revenue were EBITDA profitable. EBITDA is just a way to separate simple people from their money. So far JCP has followed true to form. An 80 dollar stock you can't get 8 bucks for today.
Yes, yesterday this was an 8 dollar stock, end of story. We'll see what today brings.
Let me translate for MB newbies. I have a PhD from Harvard in BS detection and am able to translate BS to Truth.
- I'm waiting for girlfriend to get home from work = I'm at the Greyhound station waiting for the next bus from the Midwest with someone innocent enough to buy my "want to see a puppy" line.
- Going to hit the road for a weekend away = After she's tied up securely in the trunk I'm hoping to wow her with a 40 and some gas station sushi.
- I entertain myself on the message board = this is my only life and am would like you to believe I really have 61,000 shares when I really am waiting for my mom to pass away and get her 61 shares and I can move upstairs.
- When you lose your last penny, is that when you claim disability and my taxes pay for your food and shelter? = I saw that on a MB forum that implies I actually pay taxes and not getting an Earned Income Tax Credit
- My boss sent me? If he sent me, you'd be worm food. = I hope Mom isn't reading over my shoulder and sees my Sybil syndrome isn't cured after all.
Forbes - Rapid Ratings International, which ranks companies according to their financial health, raised JC Penney’s financial health rating to 32 from 28 out of a possible
"97% of all bankruptcies over the past five years had a financial health rating of 40 or below when they defaulted"
So, when all the pumping dies down, it's still the same old JCP with the same old prognosis. YTD, YOY increases, weekly, daily, and hourly PPS pumps don't change a thing.
The Street "advise to sell your shares and book profits as they are over bought"
However I am betting each and every long pumper on this board thinks JCP is a shoe-in to be in the 3% that make it. They love bettors like that in Vegas
Look it up as there will be one long moron who states "what store numbers"
Well, don't just leave us hanging as to who the moron is? Does it rhyme with Sarkitvalue?
Just discover that did you? You might want to also check out that "fire is hot" and "water is wet" thingie ! Oh, yeah, it also works on mindless morons who believe in the rubber band theory of investing - a stock that drops will almost always snap back to its former highs. Their drivel and fact less pumping is even more annoying !!!!