Where did that real estate number come from? Current Balance Sheet shows a much smaller number. And yes, I do understand how depreciation decreases book value of real estate over time even as market valuation increases.
I still say it is a play on assets. Wait till those buildings sell and there's a press release about how much they got for them. It won't take a genius to see that the cash on the balance sheet exceeds market cap.
I don't know if it will close green or not today but is holding in there great yesterday and today considering the 375 points off the Dow in that time. I think good news is coming...
JCP was almost the first to release any sales info. It probably didn't want to divulge too much info to competitors. "Pleased" likely means "beat". Look forward to the ER to know for sure. You are just guessing.
Yahoo Finance shows 86,000,000 shares short. Your number is off by a factor of 10.
So your last short trade was about 2000 shares. With the other trades you posted earlier, you must have been trading more like 15000 shares. $8000 per day is on track to make $2 million per year. Sure that's believable. Right.
JCP store here was very busy this holiday season. I'm guessing the online sales were good too from the number of times I got hit with coupons. The turnaround is in place and gaining traction. Buy to profit!
Did you catch that run from $9.90 to $10.20? That's another big money trade for a day trader. Oh wait, that's another trade on the long side. Carry on short_bus_rider.
The turnaround is established and gaining ground. Absolutely no reason to go bankrupt. Feel free to keep talking about it if it makes you feel good though. Just don't invest real money in the market... keep paper trading till you get a grip on things.
That could be true... except that it isn't. December was good for JCP. You will see that in the ER soon.
Did you catch that run up from $10 to $10.30? That's big money for a day trader. Oh wait, that's on the long side of the trade. Carry on.
I keep saying that Seeking Alpha is more interested in producing content than in producing good content.
Amazing this stock is not down when the Dow is down 180+. Volume is not too high though. My theory is that some shorts are covering to take their profits then will look to reinvest in other companies with more downside potential.
I am pleasantly surprised that it is positive. Maybe shorts are taking some profits here to move their investments to something with more downside potential.