Smart people are taking profits and running!
Sales increase traffic but also reduce profits, now add in new debt service with share dilution and you get pathetic results if bought and held JCP.
Before the Utility Co. beats you to it!
They may file BK sooner than planned?
then marks everything down 50%, and then plans a $10 million dollar give away to sucker in X-Mas shoppers! How can I Short a few more 10 million shares???
PPS will be $2.00 by then, it is over, JCP is dead!!
Layoffs and store closures will happen right after x-mas...done deal, the pps will be $2.00 by then.
Gs has thrown in the towel today, they are ready to call the note and foreclose and sell the property at auction. They cannot be happy with sales down 24% from norm!!!
Hello. sales are still down 24%!!!!! But now you have share dilution of 82 million plus a loan from GS for Billions with JCP's Real Estate in hock! $1.00 might be too high now?
Today's deal is a "Suckers Rally" led by baggies doubling down from their initial purchase price of $30.00! They will need to double down again when this POS crashes to $4.00!
THIS MEANS THERE IS NO TURN AROUND NOW NOR HAS THERE BEEN A TURN AROUND DURING THE LAST QUARTER! HEDGE FUNDS will murder this stock when the earning hit.....get out now!!!
watch for a 50% drop in pps over the next 10 days.
Pathetic is what it is, fluff numbers to show a pathetic .09% increase? Savings might have come from saving on their power bill from lack of Cash Register use? Lol. Mark this post, JCP will drop off a cliff when they file for BK and drop to $5.00 and then $1.00.
JCP reported sales were up .09% from a year ago same time, but.........sales were down 25% then, thus sales Historically are still down 24%!! I will use this pump to dump and get out before the crash to $5.00. JCP's sales would need to grow another 24% to just reach sales numbers from 2 years ago, then factor in new Debt Service payments and JCP needs to grow sales another 25%, total sales needed then is 50% from here!! Now figure in bad X-Mas sales projected, with a "Debt Limit" fight in Washington, and you get JCP going BK!!!!!!!!
Might be worth $4.00
Golden pumped this btch one last time.
THEY ARE READY TO CRASH IT