If CS had any analysts that could find their butts with both hands, they would have downgraded the stock when it was 82 and overpriced; not after having fallen 50% first. Now is the time to load up; not sell. Take this gift from those idiots and add more to your current position. Just my opinion; but I'm adding today.
Basically, the article is telling you to sell now (while stock is at near all time low). Wait until JCP gets to $40 someday. These same articles from the same authors will be telling you to take a long position in. These buy high and sell low news articles never cease to amaze me how many stupid people we have in the business publishing industry. What is even more frightening is how many idiots there are out there who will actually take their advise!!! "Morons, I've got Morons on my team." (Butch Cassidy and Sundance Kid movie). Truer words were never spoken.
PIR from a cash and debt perspective was in much worse shape back then than JCP is now. If they can survive; JCP can survive. PIR is now 18+. Don't let the big fund managers (they are notorious for selling low), ridiculous teenage business articles that you read every day (you know the ones), and short mongers scare you out of your shares at these give-away prices. Buy low, stay long, and put these other idiots on mute. IMHO you will do very well with JCP.
Time to buy??!! Capitulation is happening right now for 2014 - panic and high volume. Ordinarily I would say yes because this is what happens when weak minded longs listen to day trading analysts on Wall Street. They are giving their shares away right now.
However, if I was the CEO of JCP; with 2.25 Billion in cash; I might consider declaring BK just to get analysts off my back for the next 2 years so I could run the company correctly (sort of like going private). Too much damage to the stock price has already occurred - JCP has likely lost most if not all of its large investor base and with the stock now under $5, Mutual Funds will have to dump. BK will be easy to accomplish now. The shareholders and longs have already lost most of their money and the company in its current state will likely never be the same again, but the stock could still go up considerably. Why not go BK just to get the company back on its feet. GM did - so have many others. Something I'm sure Ullman is already thinking about - except!!! for the fact that he loaded up at $8.95 per share. This is probably the only reason he won't - remember PIR could have filed BK back in 2006, but didn't. They are trading over $18 now. These stocks can recover.
Buy when Wall Street Analysts hate the company; sell when they love it!!! If ever there was a buy opportunity in any company - you are witnessing it right now with JCP!!!!!!
This could be a good Warren Buffet quote time for a stock like JCP: "The news hasn't gotten any better, but the stock price sure has." For any one person on this message board that actually thinks there may be an opportunity with JCP - going long at these prices that is; there are 5 shorties who come out with a typical bash. This leads me to believe we may be in a shorty overload, which could bode well for near term stock action on JCP. After waiting around so long tracking this thing week after week; maybe it is finally actually time to buy - hmmmm........
You have to love this article. I don't know if any of you 17 year olds on this message board remember, but these same articles were being developed daily adnasium back in 2006 and 2007 when PIER was trading well below $3 per share. Here we go (paraphrased of course, not quoted): PIER has way way too much debt to recover; its customer base has been too badly damaged; it is no longer relevant to other boutique shops which provide much greater value; PIER has not produced a profitable quarter in the last 8 quarters, they lease most of their buildings therefore they have no real estate value; we feel bankruptcy is imminent before the end of 2008; etc. etc. etc. - PUKE!!!! Now it has a larger market cap than JCP. Never trust a naysayer when the stock is trading at an all time low. Any analyst or business article worth listening to should be telling you to back up the truck for this type of gift. JCP has many levers it can push ( many more than PIER had back in 2006 and 2007) to prevent bankruptcy. Don't buy the bashing articles when the stock is this low - instead use them as the perfect reverse barometer to get a lower average cost for your long positions (in other words - little to lose - lots to gain). What is a business article? It is one person's opinion like everything else in life; therefore: "A believed business article and your money are both history." That is my quote for the day.
Does any one out there fully understand how pathetic and wrong sided that is??!! Just because the shorts have a stranglehold on JCP now; any investor should appreciate the give away prices that JCP is selling for right now and by the way quit reading the headlines or what some moron short selling day trading analyst on CNBC or any other business news is saying right now. Hold you nose and buy LOW!!! JCP is way way undervalued IMHO. JCP is middle America's department store - always has been - always will be. When middle america recovers (and it will), JCP will also recover.
This is a massive OVERREACTION to a great quarter - golden buy opportunity to anyone who is not a nose-picking moron. There has never been a better capitalized company who is poised for future success than APPLE - selling at a 10 P/E. Wall Street really is full of complete idiots, never ceases to amaze me.
First off; I am long ACHN (for now); but the problem that I see is simply - Gilead is coming out with a new approved (and according to the article - very effective) hep C drug very very soon - and there are several other hep C drugs coming out very soon by J&J, as well as others - all ahead of ACHN's hep C drug. I'm not saying it is all necessarily bad for ACHN, but it does put them at a terrific uphill climb IMHO since their hep C drug is supposed to be their real money maker. I'm struggling to stay long, but still here.
USEC says they will BK for first quarter 2014 - stock fell off cliff today. I wonder what the effect will be on inis (if any). We may have already felt it with stock down to .04. Thoughts anyone?
just because there is nothing public doesn't mean something bad isn't going on. .02 for a new low - can't be anything good. at this point - in for .02 in for a pound. whatever it is - I'm holding now because even BK would have little impact on my position now. look on the bright side - nowhere to go but up if this company stays an ongoing concern.