Funny how Miss Kelly pumper used to post her heroine Mary ross Gilbert who said at one time that she wasn't worried about bonds.
Then Gilbert gave JCP a price target of $1 and all of a sudden she wants us to ignore gilbert.
With outrageous claims made by longs it is tough to tell sarcasm on this board.
What gets paid in bankruptcy first? Debt or Stock?
What gets paid last in bankruptcy?
Hey your Mary Ross Gilbert that you used to love said JCP target price $1.
Why is it going to $18?
Doesn't matter if they lost $500 million, $900 million?
35% is a huge number!!!! Doubt JCP will increase SSS by 35%.
How long will it take them to return to 3Q 2011? Can they?
If you owned a mutual fund that lost 26% THEN gained 1% the next year, would you be happy?
JCP Same Store Sales Need to Increase 35% to Return to 3Q Numbers from 2011.
JCP SSS dropped 26% in 3 Q 2012 from 2011 3Q.
JCP 3Q sales declined 26% in 2012.
Heard JCp said SSS will improve either this Q or will be positive.
If JCP SSS improve 1%, over 2012 3 Q, which was DOWN 26%, is that good?
Did JCP say roughly HOW MUCH SSS will improve?
Under RJ, our JCp closed a few sales registers.
The men's department for example used to have an associate or two to help and ring up purchases.
Under RJ the help and sales desk were removed.
Now you have to take your purchase to another area.
The men's area is a long section. I'd estimate it is about 40 yards by 25 yards.
Since I haven't seen any help in that area, it reminded me of Wal Mart.
But a long will say, "they went to one store and talked to one associate. While the lines were long, the associate ignored waiting customers and gave them the run down on all the metrics."
I also don't soil my underwear as much as you probably do.
After all, you are long JCP.
You must have soiled a lot over the last 6 weeks on the drop from $17 to $7.
From MF, Sept 26, 2013:
If you're a CEO, you know you're in trouble when investment bankers start advising clients to bet on your company going bankrupt. That's essentially what Goldman Sachs credit analysts did on Wednesday by recommending that clients buy J.C. Penney (NYSE: JCP ) credit default swaps.
Amazon is doing so well WITHOUT any B&M stores. It would be ridiculous for them to have a retail store. Amazon sells everything.
What are they going to have in the store? The top 10,000 sellers at their web site?
IMO JCP has been doing a lot of promotional sales this quarter.
Are they taking sales from their next quarter?
After all, if I buy 10 shirts this Q, I don't think I will need more next quarter.