It was Morgan Stan saying they could see JCP going to 11 because they
see JCP closing 100 plus stores in the near future that was the big pump up
news on this fading debt ridden cash burning dinosaur.
Now we all know it's standard practice to close as many stores as possible before
a BK or restructure but ..... gollly JCP nearing 6 billion in debt ..... how much rev would they
lose in closing 100 stores even unprofitable one's ... cost of closing stores ....
Yikes I think we all know where this pump and dump is heading .... and fast!
Every junk co stock will rise into a BK they even rise once BK is announced.
JCP is hemorrhaging cash . If JCP sincerely plans on continuing this daytrading
folly why wouldn't they further dilute the stock ?
Buys more time and would actually play better into an
eventual BK restructure more time to close stores. JCP can't erase the debt or
cash burn they are at best marginally competitive with discount retailers
with the worst possible business model going forward.
The bad CEO phase of this fiasco is over. Hype will be a much harder sell
in the coming Q"s.
The market won't forget you JCP can pump up stores closings the next hype
fest .... sometimes it works but .... that darn debt JCP carries ..... Well the good thing
is if you need sometime to think bagholders you can stroll around a JCP never crowded
no one will bother you small amount of shoplifting is not frowned upon. You can reflect
on what retail was once ... a long time ago JCP represents Large Bland Manipulative overpriced
the dinosaur age of retail remember it well.
They'll always be a greater fool chasing a company with nearly 6 billion in debt and
rev under 13 billion 11 straight Q of loses BILLIONS lost and competition that has
far superior business models built for the future . Pretending JCP can continue in
it's current form is comical. Absolutely the worst managed company in the history
Hun last time I bought anything at JCP it was Joe Boxer pullovers
went back recently hoping to find more at JCP and could find none
..... Hmmmm did see a lot of polyester blended stuff..... that might
get the over 60 crowd back in the stores. Kmart customers actually
had vigils in the parking lots before Kmart filed for BK (with a lot
less debt then JCP) do you think JCP devoted customers will do the
Far different metrics for Sears and they have real assets that JCP no longer
has. Oh by the way did anyone tell you JCP has had 11 quarters of loses also
losing billions. Perhaps you want to try your local Ross or Mervins or Burlington
coat factory ect ect if you've tired of Sears trust me Hun plenty of other
Hiun JCP selling junk grade bonds at 8.125 means they lose more money
and they put another bandaid on that gaping wound called debt. It's a desperate
move and it took 9 banks to even par take in such silliness.
Oh I'm glad sweetie your buying your first suit at JCP. I actually bought my
first suit at JCP still have it even use it as a travel suit from time to time.
Needless to say I buy elsewhere now far better Quality lower prices
and service. But buying your first suit at JCP is a rite of passage in
very rural areas. Did your grandfather tell you about JCP?
LOL not bad for a company floating 5.8 billion in debt and revenue ..... well
lets hope don't lose anymore then 150 million next Q.
11 straight quarters of loses billions in loses and THINGS are going to
get better because JCP is .... private label brands LOL home dept..... okay
Forgot daytraders will never take this hunk of failure down it will go past its
new 52 week high debt and cash burn will magically go away ..... and
radio shack will buy out JCP.
Dilution money dwindling fast JCP lost 172 million last Q and they're down to about 850 mil in
cash......eeeks. So sell bonds at a huge loss.... well Hey at least they can sell bonds right! LOL
Poor JCP was in a Forever 21 this week the kids oh they seem to love it and a store called H&M
wow in both stores (space was about the size of JCP storage room) there were more people shopping
then at JCP ....... and that is not an exaggeration.
Oh end of 2010 2011 I can remember when RSH was going for $23 still paying a dividend .....
But oh that debt less then a billion but it was mounting. Much better cash flow then JCP
and still better metrics....
but the the stock kept falling not without the usual junk stock run -ups
on turn around or refinancing even selling bond news silly but daytraders loved it
and analyst would pump it.
RSH trading at $11 .....then bottom felll on the 90 year old company ....
Metrics on JCP couldn't be worse 5.8 billion debt 11 losing quarters in a row billions in lost
revenue and a best case for JCP LOL we all know what that is
..... 304 million shares ...... Yeeeks text book failure.
Competition has far better business modes going forward
not trying support massive mall space that is dying as you read.
. Discounters constantly improving their quality and lowering
prices to stay competitive ..... JCP is a relic from the past.
that's where they hope to return to one day to the magical once were days.
Okay well lets add 80 million shares to that and lets call the debt now oh 5.8 billion
good heavens ..... how the about the interest on debt?
How about bottom of barrel junk rating on the bonds
Oh I know how about the competition? Lets see JCP is has been losing billions
for the last 11 Quarters (Ron Johnson was there for 4 LOL) Been fully stocked with
their " Private Labels " don't laugh for the entire year.
What I'm wondering is what possible metric makes JCP a $10 company with a debt ratio
well over 2.0 a P/E lets be generous and call it a negative .... and competition
that is only growing, large mall space is fading fast
with the general consumer and online competition that is only in the early stages of growth.
RSH JCP SEARS yesterdays giants today's dinosaur.
Nice year so far Jcp has lost how much ..... half a billion plus and counting.
SSS sales improved with the addition of a home dept that was all but gone
temporary band aid. JCP is a dinosaur bland and boring can be found
so many other places for less money. JCP debt nearing 6 billion
with dismal revenues the worst of the worst in retail.
JCP is still swing trading bottom hasn't fallen yet .... shorts cover longs sell
It's a pump and dump play nothing more.
Hun you have 9 banks ( 9 LOL) only willing to support 350 million .... really. It's a token
sale. JCP is leveraged to the max more store closings will follow .... Hence 11 straight earning
loses 172 million lost the last one not hard to see you have t plenty of low volume stores.
The funny thing if you notice there are some JCP stores that seem to be getting a
lot of attention and others ..... well.... is it a home dept or storage space that their
using some of 3 rd fl mall spaces for?
Kmart blamed a young progressive ceo for taking Kmart down ...... he lasted about
a year then they brought in an old Ceo .... who guess what he raised SSS numbers Oh the
stock soared going as high as $13 on momentum spikes .... but in the end the
old thing called debt and cash burn spelled the end .....
Kmart never lost as much money as JCP never carried as much debt
but then again the market wasn't soaring higher daily on a bad economy news
and never ending money printing ......
Bout says it all JCP prices can never be discounted enough. Macys Dillards ect are constantly lowering
and golly aren't the feds pulling back on bond come Oct?
Lets see Jcp carrying about 5.8 billion in debt and they're trying to raise
350 million .......yikes you share holders better start buying cause the only thing
JCP is selling is stock!