Change of any type is difficult for people, especially people that have a difficult time adapting.
So if silver is a whole lot costlier in YOUR world, then how much so? $40 an ounce?
I will sell you 1 million ounces for $30 an ounce.
I predicted last short interest would decline. It did.
Predict the next short interest numbers will decline again.
More short fuel being burned probably only to reshort at earnings.
I am just reporting numbers.
As I said before, even if October's SS sales are slightly positive, say 3%, they will stil lhave a negative YOY 3Q compared to 3Q 2012 which is a very easy compare.
Margins are important. How many $1s do you want to buy from me for 0.90?
You are so hopped up that you attack me without EVEN addressing the original post's thesis.
JCPs Book value IMO will decline this Q. JCP will IMO lose $400 million or more this Q.
Do you contest that?
You obviously gambling and hoping.
that is ok. Just stop insulting people that make rational decision based on data and real numbers.
DDS net debt 700 million. They have done a lot of share buybacks.
JCP net debt, $4.5 billion so far. Do you know which number is worse?
I have not said JCP will fail.
I said JCP may need to restructure, sell assets and get financing.
the original point of this post was that JCP already has negative YOY numbers as part of this quarter.
Even if Oct numbers are positive SSS it will still most likely be a negative YOY quarter in Q3 2013 as compared to Q3 2012.
Remember it is an easy compare since Q3 2012 was down 26% YOY. But even though it will be an easy compare I expect Q3 to still be down YOY.
I predicted that shorts would cover some and the last numbers out show that they did.
I also expect the next Si number to go down.
Obvious loser here is you. You are still an emotional wreck.
JCP will probably lose at least $400 million this Q.
How much money will macy's lose?
How much money will Dillards lose?
JCP book value WILL go down again this Q idiot.
I said sub $2. Are you so stupid as to not know that means below $2?
You are so stupid that you said short cannot make money shorting JCP.
If one shorts JCP now and it goes down 0.10 then that is making money idiot.
No facts, no data just emotion.
There is very real possibility that JCp will drop sub $2, restructure, sell off some assets but not go bankrupt.
Can't wait for you to chastize
Hey ding #$%$ ryugo82
Consider this an abstraction. Read up on what SLW does.
IF SLW can successfully engage in streaming contracts and continue to get average cash coast of silver under $5 then at one derivative, silver is no where near $20 all in cash cost.
Well in a tribute to you and stumble I will post a little more. Previously, I was half stirring the pot, half serious.
Granted this is not an in depth analysis, but I am looking now at SLWs Aug earnings.As I look at this data, specifically their silver equivalent production/sales and EPS, it suggests to me that the actual cost of silver production is much lower than $15.
from Pr Newswire:
"Record attributable silver equivalent production of 8.6 million ounces (6.4 million ounces of silver and 35,600 ounces of gold) compared to 6.7 million ounces in Q2 2012, representing an increase of 28%.
Silver equivalent sales of 7.2 million ounces (5.1 million ounces of silver and 33,900 ounces of gold) compared to 6.9 million ounces in Q2 2012, representing an increase of 4%.
Revenues of $166.9 million compared to $201.4 million in Q2 2012, representing a decrease of 17%.
Net earnings of $71.1 million ($0.20 per share) compared to $141.4 million ($0.40 per share) in Q2 2012, representing a decrease of 50%.
Operating cash flows of $125.3 million ($0.35 per share1) compared to $172.9 million ($0.49 per share1) in Q2 2012, representing a decrease of 28%.
Cash operating margin1 of $18.28 per silver equivalent ounce compared to $25.01 in Q2 2012.
Average cash costs1 were $4.14 and $391 per ounce of silver and gold, respectively. On a silver equivalent basis, average cash costs1 rose to $4.77 compared with $4.06 in Q2 2012 due primarily to an increase in the percentage of revenue from gold sales."
Well sure JCP drops from 443 to $7 and I am desperate becaue it finished down 0.10 today. Can't argue with that long logic.
Guess you being long from $43 to $7 makes you a winner!!!
Oh, right I forgot, up is down and down is up in your world.
Ok. Loser is a compliment then. TY winner.
Me too. They manipulated SLV and silver up to $40+, made me buy it, then dropped it to $21.
It must be rigged!
If Macy's, KSS and TGT compete as aggressively as JCp is now with Ads and "sales" can they put JCp down?
I have heard how this next 3 months is make or break for JCP.
Maybe they should take some margin hits themselves and go for market share over next 3 months.