i'm not short or long but if this company was so great why was it trading under 3 bucks before the ebola news? it was trading at .25 times sales.
read some it. just looking for some sentiment from long time followers. worried about debt level. these kinds of companies seem to be feast or famine. don't want to jump during the famine cycle.
the turnaround is well underway. this removes the ceo uncertainty and certainly was a very good pick coming from home depot. bottom was put in on Friday, now shorts have to cover. we will reclaim the 200 day and then the 50 day. zacks strong buy seems to be right and all the big house downgrades (some to 6! haha) were wrong.
not this time shorty. no more good news is going to be dismissed. short squeeze starts today.
Sentiment: Strong Buy
just muddling along with the same old business model is not going to bring wall street back to jcp. they need to partner with zulilly and amazon or something like that. I like shopping at jcp because the quality is good and the prices are super cheap but that's why the stock is moving down, margins in decline & no faith that sales will trend higher. bummer for us longs.
if this is true, then JCP is going to have a lot of company. target, kohl's, walmart, sears(a given), bedbath, the list goes on and on of brick & mortar stores that are being amazoned. at least JCP has the worst behind it already. those others are still in decline. stores need to be downsized. bummer I bought at 9.25 thinking the news was going to be great, not just good.
just had a Dr. on cnbc discussing the use of Materialise software to create a 3d printed heart model from a ct scan, saved a child's life who was born with heart defects that they took a picture of before birth so they could plan the operation. amazing use of this technology.
watch out for the secondary though. looks like they will need some cash for qdoba expansion. that will be a good time to add.
the strategy of buying half now in case it doesn't pull back and being prepared to buy the rest of your position on a pullback is a good one. you may not get 66 but you'll still have half your position if it moves up. I think the buzz is on for qdoba due to cmg's success.
I'll take no press and soaring profits any day. and now a 2-1 split to prove management is confident in growth. nice! I also think this is a takeout target but not needed.
Sentiment: Strong Buy
skimmed over the s/1. swapped from slca into this. good time to buy when sentiment is so low. the in between seasons is affecting oil. as soon as it gets cold, sentiment and use will improve.
I don't think they're dishonest but this was a very stupid rookie thing to do and the stock is going to suffer for it. now they go from being golden to tarnished. really dumb thing to do. i'm glad I sold in thirds on the way up.