Yes, yesterday this was an 8 dollar stock, end of story. We'll see what today brings.
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.
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.
"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.
"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.
bullrider0900 • Jun 14, 2015 11:34 PM
Piper Jafferey says $15 FAST BOOOOOOYA
Jcp will never go under $8 technically not
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.
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
It's known as a "one handed clap" with one "finger up". Markit should love it.
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.
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.