There is too much competition out there in a bad economy. To many choices for consumers. Companies with EPS of negative $8.66 will be the first to fall. At least SHLD is cannibalizing its parts now. 30 years okay Sears, KMart and JCP were the only choice in many towns. Now how many choices do shoppers need?
The volume drying up is an important factor that could drive up the price to $12, I belief as tax loss selling takes place in late December it'll cancel out a short squeeze. We'll probably drift in a $7 to $9 range until January, when we'll know how holiday sales were.
I hate the comparisons of BBY and JCP. The two electronic anchors in malls were BBY and Circuit City (CC). CC went bankrupt sold some locations to H.H. Gregg but mostly just went away. Having most of their mall locations competitors go away sparked their profits. If one clothing store like Belks or Sears or Dillards or Macy's or Kohls or Target or Wal-Mart or Goodwill went away JCP would still go bankrupt in 2015 after they pulled all their levers Warren Buffett talked about on CNBC. This is musical chairs not an investment.
2015 after pulling levers (selling brand names and re-leasing stores to Target, Kohl's & Macys) didn't work.
When Kmart went bankrupt in 2001 longs and retiree's packed the message boards with how much they bought and how busy stores were. That was when they were listed on the NYSE as ticker symbol KM. After bankruptcy longs got nothing for their worthless shares and retiree's pennies on their retirement dollars. Eddie Lambert made out in bankruptcy court.
I'm sorry I just miss the brilliance of the big monkey. He's now hiding under a rock and burning his Woolworth, Bradlees, Mammoth Mart, Grants, Montgomery Ward and Ames stock certificates to stay warm. Keep the JCP for 2015!
Oh no Mr. Bill. JCP is going down; what happened to $9? Maybe its salad dressing and they threw it out of the window.
The EPS is negative $8.66 with no promise of ever making a profit. WE NEED YOU TO BUY JCP because we lost last weeks bagholders (Big Monkey). All buying of JCP will be greatly appreciated. If you get the actual stock certificates they'll be antiques in 25 years!
Hugh has mobiled the JCP shareholders to catch shoplifters. Everyother rack is being watch. JCP can't use that excuse in the next earnings report like they did the last. or didn't you read or listen to Ullman comments?
I believe you meant to say "I bought 49 more shares." Your a comedian like myself, Good luck long or short!
You new longs are here a week then move on. EPS is negative ($8.66) if you didn't notice. It was above negative $12 before the dilution. Due diligence and research is not a sentence from Joe Kernen or Becky Quick before open. You won't get rich with JCP its not Best Buy (BBY) as none of JCP's main competitors have gone out of business like Circuit City did for BBY. Tax selling will weigh JCP down for the next 8 business days.
Oh how sweet it is!