Marvin say's "I double dare ya"!
JC Penney: CEO Marvin R. Ellison bought 50,000 shares
JC Penney Co. Inc. (JCP) CEO Marvin R. Ellison bought 50,000 shares on March 9 at an average price of $11.22. JCPenney was incorporated in Delaware on Jan. 22, 2002. JCPenney has a market cap of $3.43 billion; its shares traded around $11.22 with a P/S ratio of 0.27.
JCPenney recently announced financial results for its fiscal fourth quarter and full year ended Jan. 30.
strong sales growth, accelerated gross margins and disciplined expense reduction resulted in full year adjusted EBITDA of $715 million, a $435 million increase.
How do you expect to lose, if you don't play?
"I Question Myself, My Thoughts"
And did you ever question the last time JCP closed @$11.99 or higher?
I did, and found it was 9/20/2013, 2 1/2 years ago!
Looks like a turnarounder to me. Then again its my opinion, Every Day!
"Ever notice how GS drops the PPS around the end of each year"
Ever notice how none of the above statement can be proven?? Talk about fantasy.
Reminds me of a poster who consistently referenced GS as the 'G.S.Vampire Squid' who would be foreclosing on JCP sucking them into bankruptcy any day now. He's gone, or posts as another ID, and JCP is still here along with over 1000 stores and 100k employees So much for the fable of the G.S. Vampire Squid.
I will say the latest short position did surprise me, but that was good news...When you have prices rising dramatically, with double and sometimes triple the usual volume numbers, it means that buyers want to own JCP stock. So I was pleased to see the shorts covering roughly 500,000 shares, and not up to 5 million.
I don't know why anyone would think I have a JCP pension, or that I post under different Id's?
More fantasy from the naysayers, I suppose.
"Why JCP is strongly down in a up market today" article"?????
Since JCP closed at $11.22 surging from $9.59 since 2/26/16 UP an eye popping 17%, don't you think it's all about taking profits?...You are here very early beating that JCP is a bad investment drum, heh?
When are you going to admit JCP is in the midst of a big turnaround? Numbers don't lie.
BTW were you one of the ones that voted in my "is JCP a short @$8.33, on Feb 11th?
Who wound up being right? Only supports my turnaround is working theme.
"how this plays out"
Looks like we'll both see how this plays out, $11.99 is the new YTD high to beat.
Betting on Ellison to succeed as he does have 2.5 million reasons to make JCP a winner.
We all are grateful that the JCP short position since 12/31/15 has dropped by 9,699,799 shares!
Thank you, thank you, thank you!
When the announcement comes that JCP has paid down some of their 5. billion dollar debt we look forward to more decreases, and rising stock prices..
Question to Sir Walter regarding his 5 bucks tax free, guess the new ID Game.
Does the ending ID contain a numeric? lol.
I heard Marvin is designing a special Easter Card, for Bill Ackman that basically says he laid an egg when he sold his 39.1 million shares for $12 and change.
Some pretty reputable analysts are projecting $15.00 to $19.00 targets now, and lets face it we're basically at $12.00 now.
Ackman brought Johnson in who almost wrecked JCP, and Ackman paid about $25.00 a share for his 18% stake in the company...So looks like he got a double whammy...Soon to become a triple whammy when JCP completes their turnaround.
Go Long JCP, it's the right thing to do.
"walking on the moon"!!!!!!
What about the sign on the moon?
"That's one Big Leap for JCP Longs, 1 giant leap backward, for Shorty".
WE ARE UP 73% YTD using $11.50, the current PPS. lol.
Great fun...Someone ripped a political sign for Bernie in half, and replaced what he took with his own note,
"I didn't have a sign so I took half of yours, I know you would understand"!
.Look it up if you're* interested.
friends NOW IN HIDING".
They are here and kinda quiet, I wonder Y.
They are waiting for bad news (;-(
Guess they'll be waiting for a long time! lol.
Are the $12.00 signs completed yet?
Will you be replacing the $11.00 signs with the $12.00 ones today, or will it be tomorrow?
Those $11.00 signs should make great kindling for the next Iggy Island bonfire.
$11.30?...52 week high, I remember when I said when we cross the 52 week high it would mean that the turnaround was working...So now JCP is trading at $11.73.
I'm ready to start another contest. How much will the short position drop when it's reported next time?
Note: an increase will not be possible. If you think so, start your* own contest. lol.
1 to 3 million?
3 to 5 million?
more than 5 million?
I'll take the first shot...more than 5 million, lots more.
$11.64... 3/7/16... Happy Confirmation Day, If you're* Long....Regrets if you are Short!
The Mother of...is looking for Tnge?
"Nice dig at me Markit"
I'm sure you've heard of 'a guilty conscience needs no accuser'. I never did mention any names.
That being said, I do give you credit for the $10.66 short post.
Notice, I never mentioned it as it takes guts to make the call before the real action takes place.
If the short post was on the other foot, MINE, The Little people here would be all over me like yellow jackets on strawberry jam.
To tell you the absolute truth, I tried my hand at day trading and ran JCP up over 44K some time ago...but I did give it back. Day trading is a formula for failure.
If you go long, and the stock is appreciating your O.K., short the same applies but when you guess wrong u r dead meat, especially if you try your luck on margin.
My feelings, 'the house always win'.
I have been dollar cost averaging, and now am in the green, suffice it to say.
I am grateful to JCP management, as I posted before.
Sir Walter advises the party was a huge success, and the roaring fires and celebrations have now eased.
The drunken participants who were shouting 'JCP Longs Matter, JCP Shorts Suk', have given way to a much calmer group.
The Iggyettes are reading the latest version of IBD who rate JCP #1 for retailers in earnings growth.
And on a scale of 1 to 100 JCP is rated a 64!!!
The Shorts can stick their heads in the sand if they choose too, and Iggy Island has lots and lots of sand,
but we won't tolerate shorts here, sorrrrry Sir Walter makes the rules.
And if any of you shorts want to stretch the truth, and say "your broker refuses to allow you to short because there are NO shares available, the truth is, you don't have enough equity in your account, You Stiffs!
'Margin Requirements Rules', and you are under those requirements!
Longs know you have no other assets to add, so borrow it from relatives who are dumb enough to lend it to you.
The JCP short position is dropping daily, there are plenty of shares available to short!
Those money managers who were restricted to buy under $10.00 a share are no longer restricted.
The chart on your right should give you a heads up!