Since most JCP real estate is pledged against loans from Goldman...
Does putting cash into real estate development enhance Goldman's position in a bankruptcy?
If so, how does Goldman benefit more than just leaving the cash in JCP?
Is it a matter of timing? Getting the cash into real estate while there is still cash to move?
Saying it three times makes it much more important.
You don't have to "hope" that JCP is going to drop from $82 to $5. It's going to happen whether you have hopes, fears, indifference. Making money when it happens is a good thing. Making money on a Starbucks doing incredibly well is also a good thing.
The thinking is that if you can't make it in retail then you can certainly be successful in real estate.
Cut him some slack. He's hurting bad. Here's one of his posts from a few months back:
"You obviously have some learning disabilities. See, when 84M shares are flooded in at 9.60, they are bought and sold at that price. That is called a "Floor".
The longs do have a point. Look at all the unexpected events Penney has had to deal with: Someone invented the internet. We had snow this winter. Other stores ran sales.
I'm not really worried. Soon there will be a new wave of pumpers assuring us that $4 is a new bottom, etc. etc. I like the one today who was pinning his hopes on tax refunds. Skipped right over Valentine's Day and Easter.
It's interesting to note that the pro-JCP faction is cheering a press release from JCP today proclaiming that "comps" were positive 2% for Q4 2013. Not so fast. "Comps" are calculated after adjusting for the extra week in Q4 2012. 12/13 * 1.02 = 0.94; so JCP seems to be saying that net sales were down 6%.