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J. C. Penney Company, Inc. Message Board

principletrade 6 posts  |  Last Activity: Sep 18, 2014 12:33 PM Member since: Aug 10, 2012
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  • Reply to

    What caused the drop here?

    by principletrade Sep 17, 2014 12:27 PM
    principletrade principletrade Sep 18, 2014 12:33 PM Flag

    Yeah, Dorman will do just fine. A lot of parts that they make are not discretionary repairs. If you have a water leak from your motor from a bad OEM design (or some other problem as the case may be) you either fix it or you start walking. Considering you can spend 50-grand on a Ford Explorer now, and that's just one random example, it's certainly not a bad idea to fix fix fix on a 5-15 year old car. It saves a fortune, and a lot of those older cars may not even have some parts available at the dealer counters. IMO Dorman is an incredibly secure company with low debt levels and they are pandering to a captive audience. Anybody who is short here is probably not too keen on the nuts and bolts of the auto parts business, and they will be wrong over the long term.

  • Reply to

    What caused the drop here?

    by principletrade Sep 17, 2014 12:27 PM
    principletrade principletrade Sep 17, 2014 3:04 PM Flag

    My response to that would be the fact that these warehouses have a damn good idea of what product they are going to be able to move, and they aren't going to fill the supply warehouses with items they can't move. I can personally ask what the monthly sales are at the "O" here in town, (which happens to be on of the top performing stores out of all of them by sales volume) and there is literally NO reason why demand for plastic intakes, clips, small problem parts, etc. should drop. There are a million plastic parts on cars now and they almost all eventually crack, that's where Dorman steps in in a lot of cases unless you want to pay a fortune at the dealer counter for OEM parts.

    Sentiment: Buy

  • Reply to

    Predictions for quarterly report

    by brophtron Sep 14, 2014 2:51 PM
    principletrade principletrade Sep 17, 2014 2:55 PM Flag

    *be able to raise more cash, through the sale of stock* would have been more appropriate.

  • Reply to

    Predictions for quarterly report

    by brophtron Sep 14, 2014 2:51 PM
    principletrade principletrade Sep 17, 2014 2:54 PM Flag

    Yeah, they will dilute again, but they will be able to get more financing IMO. If investors with MC decide "enough is enough" though, look out, this would be bankrupt within a matter of months.

  • Reply to

    Buying the dip in here

    by traderprofiteer Sep 17, 2014 1:35 PM
    principletrade principletrade Sep 17, 2014 2:41 PM Flag

    Yeah, I felt good about this in the low 40's, this is an even better buying opportunity as long as there isn't something "weird" or dishonest that has happened operationally. Dorman continues to roll out more and more products and with the prices of new cars, people will keep repairing the old ones. I know several management personnel at the local O'reilly's and they have commented that Dorman has really expanded their catalog dramatically over the last couple of years.

    Sentiment: Buy

  • principletrade by principletrade Sep 17, 2014 12:27 PM Flag

    I see nothing in the news, but stocks don't drop like this for no reason.

JCP
10.23-0.54(-5.01%)Sep 19 4:05 PMEDT

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