Sold this morning. Don't think the earnings were too bad and the company is trending in the right direction. I think it goes higher from here, but am selling because I fell in love with another company and want to put my money to work there. JCP is possibly a 100% return, at best from here. CHUY is a possible 600% return over the next couple of years, soI'm heading over there.
Still, 30% in 90 days is not to shabby.
Macy's has $1 billion in cash and $7 billion of debt. Not a chance in the world they would try to swallow LULU. Nike on the other hand....
The only thing that matters is whether the affordable car sells like an iPhone to the masses or if it's just another car. Stock is either dirt cheap or wholly over-priced.
Just a quick note to say, Retayl, It takes a big man to admit he's wrong. I did it two years ago and now you....welcome to the long side!
Fakes make up 8% of Chinese economy. It's clear growing the economy is China's number one concern. Do you really think they're going to send the economy into a recession by cracking down on fakes after turning a blind eye for decades? Will not happen.
Baba is China's mason, Ebay and Pay Pal all rolled into one. How they handle it will define the confidence in investing in anything Chinese going forward. If they kill Baba, they kill future investment. IS NOT GOING TO HAPPEN.
But of course Mr. Market is using a sliver of doubt to crater a stock so it can run stops and get all the low prices before the climb. The most powerful market forces are engineering this move and in the end, they will be the one's buying back the shares. I will be buying with them.
30 forward PE with 40% growth? The whole Chian market to themselves? Like a dream come true at these prices.
Sentiment: Strong Buy
I agree. What is certain is Costolo is massively upping the PR game within Twitter. They're making a strong case for a robust business model that offers a unique and valuable option for marketers and addressing the user growth issue with the leak of the internal email taking full responsibility for trolls driving away core contributors.
My guess is the revenue numbers are great but the user growth surprises on the downside. I'm hoping the stock gets hammered on user growth so I can buy at lower prices. Costolo focused on revenue and hit a home run. Now he turns his focus and the companies focus to cleaning up trolls and making it a more friendly environment but that will take time.
The bet is on whether they can successfully do that. I think they will.
The clowns are out in force! The associate was speaking about their store and their store only. In the GREEN for the year. Yeah Boy.
My previous foray in JCP was, of course, profitable. I bought at $13 rode it up to $19. Then Johnson was fired, I sold at $15, flipped short and killed it down to about this range.
Then I left the stock. Mabe a bazillion in LULU and am back to catch the up move off the bottom.
I'll clue you short morons in a bit. If this stock was heading to bankruptcy, it would be trading at $3. It isn't and in fact, the trend has turned in a big way. Given the short float, you're going to get squeezed until you squeal like baby pigs after a branding iron. Oink, oink.
Nothing like a growth stock beaten down into submission! Big Bank analysts have new price targets ranging from $70 to $100. Revenue going from $750 to $950 million. Yet this stock is trading like they just lost half their business! It was a $125 stock in November and here we are.
Have to love Wall Street when it tees one up like this for you.
In an effort to keep my fellow investors informed, I wanted to share with you my recent experience at a NY area JC Penney.
It was a largely empty mall as I went in on a cold Saturday morning. There were not a lot of customers anywhere which gave me the opportunity to walk the floor and notice all the detail on changes to JCP since I was last invested a couple of years ago.
Now it seems EVERYTHING is advertised as marked down. Sales, sales and more sales. I thought the presentation was excellent, the product mix looked good. Overall, I was pleased to see the store in a cohesive state, the years of part Ron Johnson, part old JCP, part new JCP, are gone. Pricing was excellent, I walked over to Macy's afterwards and noticed virtually the same items in for example, Levi's, were 30% more expensive and beyond.
But the highlight of the trip was a conversation I had with one of the associates on the floor. He told me they had just had a meeting and the staff was informed that for the first time in a very long time, the store had turned a profit for the fiscal year 2014. As he put it, "green not red." Music to my ears and I suspect that was a message heard by many associates across the JCP universe last week.
I think we're in for an exciting ride. Negative comps have turned positive and now we will go from losing money to making money. I expect a spike into the mid teens in 2015 and am still accumulating at these levels.
All the best!
Taken from him? No. He sold half his position to Advent last summer, a firm he selected and got two additional board seats created that are filled by Advent people to ensure he had control of the board. Sometimes people say what they mean, sometimes they don't. I think this is a case where he feels he's got it the way he wants it and wants to get out of the way and let them execute.
But if he does sell, who cares? He's publicly toxic to the company and by now, the formula that is LULU is in place. He's not designing and chosen fabric. Plus, the numbers have turned. Plenty of buyers out there. If he sells, it will be a negotiated deal. Are you worried he's going to dump his shares into the open market?
Doubt it. That place was a mess when he threw a tantrum last year. Laurent has really done a great job, particularly around bringing the culture of the company bak and probably exceeding where it's ever been. Why would you not want to be invested in this? He doesn't need the money any time soon.
Revenue is a bad comparison. Amazon, in many cases, buys goods, warehouses them and ships them. Baba is just a platform, taking a percentage of all sales. Very little expense in business model. Also in a much more populated area with ugh growth in front of it.
It's a steal at this price.
LOl, company grew revenue by 40% and now has a forward PE ratio under 30. Hats off to the shorts but I'd take the profit. Market can only play games for so long before the numbers overwhelm the nonsense.