Did not you read my message ? $20 a piece is what it should be, but market is worried about its negative earnings q to q.
If my reasoning is correct, it will eventually reach to this PPS and perhaps exceeds that. How long to wait for it, it's everybody's guess. It is very volatile now. Don't trade JCP based on this statement, every body is responsible for his own investment.
M is ~60, JCP ~ 11, are u kidding urself?
2nd time visited JCP store in Northridge , CA. A crowd of shoppers lined up to check out their merchants. And saw More sales persons about 10 were in training while I was there. I felt pretty good about their business now. IMO, JCP is in turnaround mode. Analysts are usually behind the curve.
so you sound pessimistic about JCP, then I wonder why you would waste time here???? Either you bought high and waiting to get out or you are waiting to short it,.
hmmmm, to tell somebody no clue about the stock market, you must know a lot of it, could you use today's market to share your thoughts?
visited it recently. I like it. The density of shoppers scattered around the store was almost the same as the next Macy's store. Of course Macys was where I shopped most of the time. My point here is if the number of daily shoppers in JC Penny were the same as Macy's, other than Macy's is considered as an upper scale store, Why would JCP's share so depressed to this level compared with Macy's?
BOA settled 17 B law suits, so they put most of the issues behind now. Earnings will greatly increase in the future and investors will be rewarded. So its future is brighter in my opinion. what do you think?