Two articles out today that were actually positive about JCP and the stock still did the slide. Customers ARE coming back into the stores. I'm sure many are using coupons but that happens in the other stores too.
The temperature finally cooled off enough we could shut off the air conditioner and open the windows. The scent of pine needles from the Christmas tree drifted through the whole house. Oh, and not reading the constant stream of short bashing baloney on this message board was quite refreshing. Happy Holidays!!
Interesting data point. I can hardly wait for shorts to make comments like:
"poor people drive one at a time to JCP to get something at 70% off whereas wealthy people car-pool to the other stores to buy lots and lots of stuff so there's actually more (better) customers at the other stores."
The stock is worth over $13 per share now if you just look at the assets. Don't pay attention to the bashbash idiots who post whenever they have a break from serving burgers.
I believe that everything I have said is still true. The assets of this company are worth way more than the current stock price indicates. I stand by that analysis. I think most folks on this message board know you as a "Richard" head.
Bernstein hires idiots to do their analysis for them. It's all about getting bulk material out instead of getting good material out. Don't pay a lot of attention to their reports.
You are almost humorous with these outrageous comments. Do you get paid by the hour to post baloney or do you get paid by the post to make this stuff up?
That's an outright lie! Gift card sales are not counted as sales until they are redeemed. Get your information checked before you put out more baloney.
You mean the one clearance rack that offers stuff at 70% off? The majority of customers using coupons use the 10-20% off ones. That's just normal business except multiplied many times because more people are in the stores using them!
Talk of increased customer traffic comes from people who actually visit stores and see the number of people there.
Recent drop from 10 down to 8 was caused by news of a hedge fund selling out. Prior to that the stock moved from 6 up to 10 on news of increased customer traffic. I'll bet that the increased customer traffic is more important to the company going forward than having a fund sell out.
Can't happen for a while locally at least. The store is selling too much stuff. Don't know about the margins on the merchandise that's moving but it is moving!
I'm sure the sales people in our local JC Penney store would wish the sales were down. That way they wouldn't have to keep helping out all the people in the checkout lines. It's a busy holiday season here in this area of Florida.
I'm a buyer for your house. How come we don't have a deal yet?
Then the stock dumped back down to $8 on news of a hedge fund selling out. Which is the better indicator of future stock price direction? I'm guessing that increased customer traffic will win out. That's because even though that fund sold out, the people are still there.
Just took a drive in my Mustang convertible here in Florida. JCPenney store lot is near full and store has lots of people in it. Just saying.
With all the bad expectations out there, it wouldn't take much of a "surprise" to propel this stock higher. Next Friday we'll know more.