Thu, Jul 24, 2014, 10:07 AM EDT - U.S. Markets close in 5 hrs 53 mins

Recent

% | $
Click the to save as a favorite.

J. C. Penney Company, Inc. Message Board

principletrade 53 posts  |  Last Activity: May 22, 2014 12:25 PM Member since: Aug 10, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • principletrade by principletrade May 22, 2014 12:25 PM Flag

    Wow, down below 30 cents again. Ouch!

  • principletrade principletrade May 21, 2014 4:22 PM Flag

    There is plenty of potential for VOXX with developing technologies, it's cheap based on forward earnings expectations too. It's a buying opportunity. Stocks like this go up and down quite a bit. Just look at the chart over the last 5 years. It will probably be overpriced eventually too if that makes you feel better. lol

  • principletrade by principletrade May 19, 2014 10:28 AM Flag

    Needham reiterated a "Strong Buy" rating and a $20 price target.

  • principletrade principletrade May 16, 2014 4:43 PM Flag

    I think there are some exciting things on the horizon for VOXX!

    I won't lie, I am breathing a sigh of relief that Mr. Lavelle addressed to Q4 results and that the stock price recovered a little today.

  • Reply to

    read CC transcript

    by swisslakes May 16, 2014 4:20 AM
    principletrade principletrade May 16, 2014 10:52 AM Flag

    I think the 360fly camera could be a big positive for VOXX. Just look at the success of Go-Pro cameras, and I think the 360fly could offer some big advantages..... The Go-Pro attained a lot of success from the automotive community (drag racers especially), but you only have one still frame with a go-pro, so you could never really see what was happening if a car was passed etc. The 360 camera would allow you to side mount it to the car be able to see what is going on the entire time.

    Klipsch is making some good moves. Promotion and improved product line.

    OEM automotive has done well.

    There were simply a plethora of one-time events that occurred in Q4.

    Sentiment: Buy

  • Reply to

    Highest volume daY

    by straight4wd May 15, 2014 2:53 PM
    principletrade principletrade May 15, 2014 8:44 PM Flag

    The earnings transcript I read yesterday said earnings for fy14 was $1.28 excluding the charge offs. I haven't listened to the conference call yet.

    I saw the 21.7M number yesterday too though. It's clear there were people trading on inside information. Just look at the chart.

  • Reply to

    Highest volume daY

    by straight4wd May 15, 2014 2:53 PM
    principletrade principletrade May 15, 2014 5:19 PM Flag

    Let me restate something. VOXX, without the goodwill write-off, earned $1.28 per-share for fiscal year 2014. EPS of $1 is likely a conservative estimate going forward considering they have reduced debt levels and taxes with the goodwill write off.

  • Reply to

    Highest volume daY

    by straight4wd May 15, 2014 2:53 PM
    principletrade principletrade May 15, 2014 4:20 PM Flag

    I think a long position at the current price will do fine. VOXX is probably a $.90 to $1 per-share earning company with normalized earnings. They are showing a lot of red for the last quarter, but it was a non-cash event that will reduce their tax bill for the year.

  • Reply to

    Comments from the 10-K

    by jrad52 May 15, 2014 8:41 AM
    principletrade principletrade May 15, 2014 8:53 AM Flag

    It makes sense. One of the former Klipsch execs was dumping stock recently. This stock will get whipped, there will be an opportunity to make money though now. Wait until the blood is in the streets and buy, and today there will be blood in the streets believe-you-me. I wouldn't buy immediately though, I'd wait for the down momentum to stop, and it may not stop until $5.xx per share.

  • Reply to

    Earnings out

    by jrad52 May 14, 2014 5:10 PM
    principletrade principletrade May 14, 2014 7:58 PM Flag

    It's hard to stomach a decline like this, but if things were always flat, you'd never have a good buying opportunity.

    Sentiment: Buy

  • Reply to

    Earnings out

    by jrad52 May 14, 2014 5:10 PM
    principletrade principletrade May 14, 2014 7:54 PM Flag

    You might be able to buy this worth the money now at least. It's back down close to tangible book value. At $7.xx it's a good deal.

  • Reply to

    Earnings out

    by jrad52 May 14, 2014 5:10 PM
    principletrade principletrade May 14, 2014 5:23 PM Flag

    Sorry, I meant to say closer to $2.6 per-share in impairment charges.

  • Reply to

    Earnings out

    by jrad52 May 14, 2014 5:10 PM
    principletrade principletrade May 14, 2014 5:19 PM Flag

    Look out below. This will be an ugly summer for this stock. They impaired 2-bucks per-share, but like you said, this traded so far below their stated book value that the book value is out the window in virtually everyone's eyes. All people will see is a big red-mark at the bottom line and move on if they had any inkling of a thought of buying this stock....

    Well, see you at 5-bucks a share.

  • Reply to

    Company presentations coming up

    by jrad52 May 12, 2014 4:02 PM
    principletrade principletrade May 14, 2014 2:52 PM Flag

    I think those are all valid points, especially regarding your statements about others knowing more than you do. I really doubt that the preponderance of other investors know any more than you do. There are probably a lot of them that aren't as well informed.

    The loss of a major OEM automotive contract would be a material negative, but even that event would only account for a fraction of a division of the company that produces about 50% of their past revenues. I don't even know that the OEM contracts are a bigger piece of revenues than they make on aftermarket automotive parts. I really doubt there is any single client that could justifiably result in a 40-50% devaluation like we've seen in the share price. In my opinion, VOXX would have to throttle its entire automotive division to make the current share price look reasonable.

    I'll be bold and say this..... Klipsch, alone, is probably worth the entire market cap that VOXX is currently trading at. Hell, if Dr. Dre's "Beats" is worth $3.2B, Klipsch has GOT to be worth more than $248M, which is VOXX's entire market cap now!!

    (end rant)

    Sentiment: Buy

  • Reply to

    Company presentations coming up

    by jrad52 May 12, 2014 4:02 PM
    principletrade principletrade May 14, 2014 1:26 PM Flag

    Considering that this stock is within a stones-throw of losing HALF of its value from the 52 week high and trades at 7.5x trailing earnings, the report would have to look like an absolute travesty make it look like it's time to sell now.

    I've just bought some on a limit order at $10.24

  • Reply to

    Company presentations coming up

    by jrad52 May 12, 2014 4:02 PM
    principletrade principletrade May 14, 2014 10:34 AM Flag

    "wishes he had waited a while"........... That makes two of us brother. lol. You know what they say. "$hit Happens"

  • Reply to

    Company presentations coming up

    by jrad52 May 12, 2014 4:02 PM
    principletrade principletrade May 14, 2014 10:08 AM Flag

    Kahn Bros probably bought some stock back after it tanked last quarter. (After posting their best earnings quarter ever, albeit they had some unusual income from an account receivable due to Klipsch from Circuit City that had been previously written off)

    Call me a fool, but in my view this is an $18-$20 stock under the current fundamentals we know at this point.

  • Reply to

    Company presentations coming up

    by jrad52 May 12, 2014 4:02 PM
    principletrade principletrade May 13, 2014 3:52 PM Flag

    Yeah, it's hard to imagine that they would want to go address the public on May 20th and on May 28th if they had just released a disastrous quarter (and fiscal year end).

    I think it's worth noting that Kahn Brothers recently divulged they have added to their position in VOXX. They are a value based organization, usually hold investments for long periods, and are confident enough that they have a sizable percentage of their portfolio invested with VOXX.

    Sentiment: Buy

  • Reply to

    Company presentations coming up

    by jrad52 May 12, 2014 4:02 PM
    principletrade principletrade May 13, 2014 12:54 PM Flag

    Something I wanted to mention, the automotive segment is the largest of the three segments for VOXX, Ford is one of the OEM's using Voxx electronics, and their sales were up 30% year-over-year in China in April. Auto sales in the US have been strong too. Nissan showed good numbers in April too.

    I don't think consumer audio will be very good.

    Accessories will certainly have significantly lower revenues.

    I haven't got any idea what the bottom line will look like. Venezuela may hurt on currency devaluation.

  • Reply to

    You pumpers got your way for a day.

    by bluewaterkuster May 12, 2014 3:40 PM
    principletrade principletrade May 12, 2014 4:52 PM Flag

    Marley Coffee has continually been able to find additional investment, and last time, they got market price from Mother Parkers. I just question how far will MC dilute the shares before turning a profit. I have no doubts they will eventually make a profit,.... they may have 200M shares outstanding by that time though. lol

    Sentiment: Hold

JCP
8.89+0.12(+1.37%)10:06 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.