Obviously this guy is an amateur who has never had a short go seriously on him. The market has a way of teaching arrogant people some hard, hard lessons.
Corporate boy likes substituting white trash casinos and one weekend a year for an authentic, sound business platform. And then he gloats about how he is "right" and the others "wrong." What a pfag.
I don't know, can a loan shark have "feelings." Truly they are nothing more than feelings for JPR. Hey how did that prosecution of Tabor go?
I'd look at Fibrogen (FGEN). They are developmental but have two signfiicant drugs that are poised for clearance and have partnered with larger companies who pay license fees during each stage of development progress.
Know some smart investment bankers who've brought several pharmas public over the past couple of years. They frankly admitted that they thought FGEN was the only one worth a dam.
Schmuk's "insight" as astoudingly idiotic as ever. JCP has been trying this bs for years with no success:
JC Penney is a company in free fall.
It recently had one of the worst retail quarters in history with a staggering 32 percent drop in same store sales, and may lose out on an essential agreement with Martha Stewart in a lawsuit with Macy's.
The few remaining believers, notably Pershing Square Capital Management CEO Bill Ackman, argue that there's still unlocked potential in the company and that CEO Ron Johnson just needs time to enact his turnaround plan.
But there could be a fundamental problem (if not many fundamental problems) with Johnson's plan.
As Rotman School of Management Dean Roger Martin writes at the Harvard Business Review, is that the company has no real strategy. He puts it bluntly: "The problem with J.C. Penney is that it serves no compelling customer purpose."
While Johnson has focused on improving elements of the store, he hasn't isolated the central reason for being that must be behind a successful brand. He hasn't provided anything that makes JC Penney the stand out from the pack.
Nothing makes that more clear than one of Johnson's core turnaround idea of high grossing shops within stores focused around specific brands. The success of these segments has served only to highlight how poorly the rest of the store is doing.
For the approximately 90% of the store that isn't the new J.C. Penney, the floor of sales/square foot hasn't been a floor but rather quicksand ...Customers are likely to walk through the 'old J.C. Penney' part of the store thinking "this is pretty bland" and then get to the 'new J.C. Penney' part and think "wow, the rest of the store is really a lot worse than I thought." That is how sales per square foot in the 'new J.C. Penney' can be double the rest of the store and total store sales are down 30%. The tiny 'new J.C. Penney' part of the store is cannibalizing massive volumes of sales from the 'old J.C. Pen
It's illegal when insiders trade on knowledge the general public doesn't have.
Here's an example. In 2003, former ImClone CEO Samuel Waksal was sentenced to seven years in prison and fined $3 million after pleading guilty to insider trading and fraud.
What did he do? Waksal sold his ImClone stock after finding out the Federal Drug Administration had rejected an application for the company's new cancer drug , Erbitux. Waksal had the information before the public did and traded on it, which is what made it insider trading. The irony is the drug was later approved.
Oh you forgot to mention the date your article, little girl didin't you?
WSJ--Updated Dec. 20, 2000
Think things have changed in the last 15 years, you phuggin' liar? Follow court decisions on insider trading much?
LL has dropped 25% in the last couple of weeks. Pretty severe certainly. But on a macro level this market is really turning nasty. A couple of blue chips with lukewarm earnings (not terrible, just lukewarm)--Disney and Gilead--are down 20% in the same period. Gilead's P/E is now under 7. Several smaller cap companies (California Amplifier, CAMP is one) are just getting crushed.
A few consumer bellwhethers like Home Depot are holding up. But I'm beginning to thik Icahn is right. It just doesn't look good for the next several months.
This is a dipsheet post. The company is in the midsts of significant regulatory and judicial proceedings. No friggin' way do they buy shares while this is going on.
Tell me genius: point me to another company in the middle of these kinds of legal proceedings where insiders are buying shares in the open market. Go ahead, I'll wait.
Notice how shorty reads language and twists it into "turmoil in store staffing"":
"First, we will improve our store performance. Dennis and I have talked at length about this. We agree there are many opportunities to help our store associates close sales and help customers get what they want. This begins with a strong training program. If our associates are not experts, we lose an important component of our competitive advantage. So our new training program is well underway across our stores, ensuring our associates offer customers the most knowledgeable and efficient store experience in the industry.
Number one, we wanted a consistent message out there. Number two, we needed our employees to remain focused. Certainly, it's had a big impact if you look back on the trailing 12 months of just the focus of our employee base in the stores, but also their ability to deliver a great experience for the customer. So that was really important to us. It's something that we focused on a lot in the trailing part of the quarter and as we going to Q2, making sure that we're keeping our employees informed and arming them with talking points of how to answer questions as they come up."
Next notice how shorty ignores a clear about negotiations involving the CPSC:
"Yes. The Consumer Product Safety Commission, as you know we've been negotiating with them. We continue to work with CPSC on their investigation and are hopeful that we will be able to come to a conclusion in the near future with them."
I call BS.
That laminate #$%$ from China is clearly a virus that should be avoided. LL got lured into to selling it and made a big mistake doing so but so did all the other outfits and it's pretty strange that LL got singled out and targeted so vehemently.
I'd like to see them go back to really focusing on hardwoods, which is how they strated out in the 90s. They continue to push fake woods (vinyls,tiles and the like) on their website and undoubtedly the $150,000 tract home construction industry loves those products but for my money, having a decent selection of reasonable hardwood floor (at ~$3-4 a foot) with knowledgeable sales people that can talk to a middle class guy trying to up the value of his home is really a strong model that has stood the test of time.
got it hand to you--you did call that three point move. you're the man. now blow your farts all over the board and then take a big, big whiff, csucker.
Oh really? What "contingencies" are those, genius? And a secondary, really? They have $20 million in cash and a $60 million revolving line. They have a billion in sales and solid margins. The party started at 8 pm and it's now 3 am when idiots like you show up and start screaming.
Most interesting thing in the report to me was the payment from the insurers on the balance sheet. FASB standards are quite clear: an obligation to the compny cannot be booked as receivable unless the company actually expects to receive it within a reasonable time. As somone else said, this is being overlooked completely is pretty signfiicant.
Some rather intriguing post market trades (and volume):
19:22 $ 13.78 High 400
19:22 $ 13.77 1,000
19:22 $ 13.77 50
19:22 $ 13.77 1,000
19:03 $ 13.78 100
18:45 $ 13.59 2,310
18:45 $ 13.59 190
18:33 $ 13.59 310
18:30 $ 13.36 15
18:30 $ 13.30 15
17:06 $ 13.45 3,813
16:48 $ 13.35 35
16:48 $ 13.30 35
Friend mine who is a tax accountant for corproate investors said that never once--in a long career--had he ever seen an option player make money netted out over a string of years. So you had a short score. BIG man.