It's a good thing they stopped issuing those battery-a-month-club cards. They need to conserve their cash.
Compared to your RSH long??? Ouch!!! RSH down 20% in just ONE WEEK. You are a masochist. That's gotta hurt pretty bad. RSH is closing 26% of its U.S. locations after a 19% drop in revenue during the 4th quarter including holiday sales. I'll take my BIG short over your suicidal RSH long any day.
I hope you have plenty of KY ready for today! ☺☺☺
Putting money into JCP shares is like flushing hundred dollar bills down the toilet. It just doesn't make any sense.
Can JC Penney survive?
Howard Davidowitz: "No. You can't go from $19 billion to $13 million, have the same number of stores, and be in business.Hello!? There is no way you can do that."
What would you advise the sell side of your about your world right now?
Howard Davidowitz: "Look, I was on this show. I said to sell this stock (JCP) a long ago. You had to be insane to be in this stock. I don't know why the hell people were buying it. They had a CEO that went completely nuts and completely destroyed the company. Everything he did was insane, supported by Bill Ackman. That what happened. Goodbye company."