Sell while you have some equity left and not under a $1. Stock price in the single digits means 99.9% chance of Bankruptcy, there is no reversing this. JCP is clean out of cash and has no more financing.
If you are comfortable with losing everything stay in JCP. Any day now its going to be a bad morning or a midday halt on JCP and you know what that's going to be. Sell while you have something left.
I have been saying this for months now, not to be annoying but to save you from getting wiped out. Either sell now or sell under a $1, JCP Bankruptcy filing is being prepared as I type this email. Selling at $6 is way better than under a $1.
You are going to need a job when you lose everything in JCP. Only a fool invests in a company with a balance sheet like JCP.
I know I sound like a broken record but I have been saying this for months. Either sell now or sell under a $1. Bankruptcy filing is being prepared as I type this message, no joke.
Best Buy is way different than a clothing retailer. BB does not have much competition and luckily they got a good turnaround CEO. If they knock out HHGregg and Sears they could turn into an Amazon which they still can do. Amazon does not have any storefronts which is a setback and needs sales volume on paper thin profit margins.
Yes, Walmart is always looking to expand. I cannot deal with shopping at these stores, it seems like no matter what Walmart you shop at its in a bad neighborhood, rather go to Target.
Yes, its cheap, keep buying!!! 7,6,5,4,3,2,1= BK
Do you realize its cheap because there is no institutional support anymore?
Some JCP stores will be bought by the likes of Macy's Belks, Dillards etc... The trend is increasing towards online shopping so there could still be too many even with JCP gone.