Think Amazon having retail store is just about the stupidest thing I have ever heard for a business.
Well I was commenting on how quickly my Amazon order arrived. Amazon delivery has improved over the years. Can't beat 1-2 days with normal speed delivery.
Don't know why Amazon would want to buy ANY B&M mall store.
Longs were posting BS that AMAZON was going to Buy JCP to display Amazon's merchandise.
I am willing to learn. If JCP really had $11 billion in real estate and $8 billion unencumbered, then why no loans against it?
Seems the most rational reason is that Re is no longer available to be liened.
IN fact the Miss Kelly pumper used to post often that Mary-Ross Gilbert was not worried about JCP bonds.
Well now that Gilbert placed a $1 target on JCP stock, the pumper has turned against her one time champion.
Who gets paid first in bankruptcy? Shareholder or bondholders?
Other longs have turned against Ichan when he said he was staying away from JCP.
Longs have been posting since $14 than Ichan was buying JCP stock. Guess not. Just another lie.
You are full of Sheet.
JCP themselve announced that their Sept sales were DOWN 4% when compared with Sept 2012.
Looking at Yahoo insider transactions I see ZERO going back at least a year.
JCP insiders have bought NO JCP stock going back at least a year???!!!!
ZERO shares purchased by insiders with their own cash.
See options granted, etc.
Can this be right?
No the quiet period does not last 15 months.
IMOP CEO should buy $2 million shares JCp directly from the market. No option bs.
Other executive should buy 2x their salary IMO.
JCP will also have a challenge getting rid of underperforming real estate because they have loans against it,
A few years? 1 year or less. If christmas season is bad, watch out!
Not giveaway options. JCp shares they actually purchased?
Over last 3 months? 6 months? 1 year?
Let me guess, there has been a year long quiet period on JCP.
Oh, I see dumass so why didn't JCp use equity raise at $24 instead of the $1.75 billion loan from GS?
Guess an equity raise at $10 was better for shareholders!!!
With all that $11 billion in RE that you allege, they could have just sold off a few billion.
Wonder why professional appraisers valued JCP RE at $2-$4 billion?
They must be lying of course.
Is it because they have little RE equity left to borrow against?
Remeber JCp already loaned about $2 billion against its RE.
Cushman/Wakefiled valued JCP RE at $2-$4 billion.
Longs saying JCP RE is worth $11 billion.
IF JCP has $11 billion worth of RE why didn't they get a $1 billion loan rather than dilute shareholders?
JCP has loans against its RE.
Cushman/Wakefield value Cps RE at $2-$4 billion.
Funny how longs trash Ackman and say he was wrong about everything now you use Ackman and one of his alleged RE valuations!!! LOL!!!
JCP Keeps Crumbling After Citi Says JCPenney Stock Worth $1
google that headline Sep 26, 2013, 9:39 am EDT | By Alyssa Oursler, InvestorPlace Assistant Editor