Up to 100 bidders looking at it...400 to 450 million according to an analyst on CNBC.
Decision by the end of the year...Plenty of time to get that price up.
Selling headquarters in itself, won't solve JCP's problems, it's afterwards that will, and be beginning of the end for shorty.
He who laughs last, will giggle best.....
"Baggies still $8 dreaming"
You should short more!..You have it pegged right.
Don't forget to tell all of us baggies at what price, how much, and when you went for more.
One of youse made that mistake, was called on it and promptly said, "I errr... ummmm used the trailing stop".
Be careful now JCP has over 100,000 employees and over 1000 stores to sell their merchandise.
You may very well 'feel the burn'!
"dumb as a box of rocks".
Since you once voted, "I'll go with bust", tngenchek,
that makes you that "dumb box of rocks".
BTW I always abide by my rules.
Why do people feel the need to change Id's?..Tngenchek, tnqechek, lancer2k, and on and on?
Loving 'unloved' stocks: Pro out there on CNBC.
"Plano real estate estimates 400 to 450 million and paying down a substantial amount of debt,
2-3 years JCP could be a 20-25 dollar stock".
My CD is looking better and better, loading up here not a bad idea.
"just got called out "
Happens quite frequently, I remember when Jim Something or another, called him out about why he was still posting, since he said he would be leaving this board to accept a position called SCOPE in January 2016.
Lyin Bstrd, How can anyone believe what he says? He does belong in the rubbish pile, wherever that pile is.
lancer2k • May 20, 2016 3:22 PM Flag
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Where is that huge rebound longs have been waiting for...
...looks like JCP isn't going to see 11.99 again anytime soon.
Look who voted, Moe, Larry and Curly!
When that Plano real estate gets sold, followed by a debt reduction, a credit rating increase, and the number crunchers that will add up all the savings to JCP, including real estate taxes paid,
we'll see just how far north the JCP PPS goes. $11.99 easy to beat..
Ohh No you don't!...Iggy Island wants nothing to do with Loose Tongues. Ya can't even keep up with all his names he uses..
Donald Trump’s speaking fee: Half what Hillary Clinton commands,
No one wants that guy around here, when flapping Tongue's talk, nobody listens, let alone pay a fee.
"Retail giant J.C. Penney Company Inc. (NYSE: JCP) is expected to sell its Plano headquarters campus with a partial leaseback of its three-story, 1.8 million-square-foot build-to-suit building, which is expected to help the retailer reduce outstanding debt and help manage its expense".
The initial bids are due by the end of the day, with real estate sources saying this will be the first round of a number of bids before the campus hopefully sells by the end of the year".
Why I do believe I stumped da loose tnge.
"First round of a number of bids before the campus sells by the end of the year"
It's time for a brand new contest!...What will the Plano head fake,,,I mean Plano Headquarters sell for?
Substantially (way more) than 550 million, after all this is a bidding war!.
I'll go with way more than 550 million! And you say?... anyone?
"I just got here a couple of weeks ago"
How'd the therapy go?.
Is that a quote will sell for 360 million?...Will go for much more.
80 interested, sounds like a bidding war may be in the works.
Connect the dots.."by the end of the year"...
After the sale whatever it goes for, JCP gets another upgrade and a bounce in the PPS...
Care to dispute what I said?
JCP gets a credit upgrade and higher PPS after the sale.....Me.
JCP gets no credit upgrade after the sale, no higher PPS...Tnge
maycount, I said he would never leave. Liars are not to be trusted, ask Donald..LOL
BTW it's Markit, with an I.....
"and we're where now"???
So on the other side of the coin, last year you went with "bust"...Matter of fact for the last 3 years you've been harping on 'bust', 100% wrong for 3 years.
At least there is consistency here.
Don't fret, Mom loves ya, the rest of us thinks you're a bit odd, as well as being wrong..
Plano Property Sale
1) The proposed deal goes thru by the end of the year, could be sooner than later.
2) JCP will pay down a good chunk of it's debt. Why are they doing that? (See 3 below)
3) They intend to take advantage of the further credit rating upgrade they will receive, and renegotiate their remaining debt at much more favorable rates, saving interest expenses.
Add that to real estate taxes they're saving, and lease expenses they will no longer have.
When the smoke clears they'll have plenty of cash to use as they see fit.
They'll be absolutely no market for lancer2k's coffin nails, he might as well find a land fill for them, and
I say that with tngencheek.
I know...Waiting to pounce at the first sign of a minus sign...They got no baltz those Little People.
Afraid to commit lest they be proven wrong. The 'I'm smarter than you', syndrome.
The only time you hear from them is after the fact, never before the action takes place.
While JCP is trending north those cowards go into hibernation.
Too bad, I'll check back after the close.
I don't know if anyone is aware of the YTD number, still up 15% as a matter of fact....lol.
OHH BTW did someone say the public has changed their mind and is spending in brick and mortar stores?, Sure looks that way?
JCP. . +0.59%
WMT. . +0.62%
SHLD. . +2.33%
TGT. . +1.42%
M. . +0.45%
HD. . +0.68%
KSS. . +0.63%
"up she goes"
Thanks, if we should see down anytime today, expect to hear from "you know who"..
Otherwise, should be a very peaceful, quiet day...laughter